Oil jumps more than 5% on Russia tensions

The price of benchmark oil contract, Brent North Sea crude, jumped more than 5% to back above $100 per barrel after Russia rejected a ruling from the UN’s court to suspend its Ukraine offensive. Photo: AFP  

LONDON: Oil prices soared Thursday on tensions surrounding key producer Russia, as equities diverged with traders tracking also interest rate decisions and China’s pledge to…

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News Source: https://www.thenews.com.pk/latest/942340-oil-jumps-more-than-5-on-russia-tensions

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