EU Crude Oil Futures Rise Over 7%, EU Sanctions on Russian Crude Oil | Reuters

Crude oil futures on US time rose more than 7% on March 21. Following the debate by the European Union (EU) Foreign Minister over Russia’s invasion of Ukraine the introduction of sanctions on Russia’s crude oil sector. However, the views did not agree in the discussion. The photo was taken in an oil field in Texas, USA in August 2018 (2022 Archyde.com / Nick Oxford).

[Houston 21st Archyde.com]-US time crude oil futures rose more than 7%. The European Union (EU) Foreign Minister has been debated over the introduction of sanctions on Russia’s crude oil sector over Russia’s invasion of Ukraine. However, the views did not agree in the discussion.

The liquidation price is $ 115.62 a barrel, which is $ 7.69 (7.12%) higher for North Sea Brent futures. US WTI futures rose $ 7.42 (7.09%) to $ 112.12.

Again Capital partner John Kirduff said the EU’s introduction of sanctions on Russian crude might put a global supply crisis.