World oil prices close at highest level in nearly 3 months
Brent crude, the world benchmark, gained 1% on the day, settling at $122.84 a barrel – the highest close since March 8. Earlier in the session, Brent traded as high as $125.28.
This comes after the EU forged an agreement on a partial ban on Russian oil imports in a bid to punish Moscow for its invasion of Ukraine.
Tags: oil, oil production
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