Crude futures rally as EU moves closer to sanctions on Russian oil

摘要

Crude oil futures settled higher April 28 amid reports that Germany has dropped its opposition to imposing an embargo on Russian oil imports. NYMEX June WTI settled ff3.34/b higher at ff105.36/b and ICE June Brent rallied ff2.27 to settle at ff107.59/b. Crude prices had been largely flat overnight, but moved higher during midmorning New York trading on the heels of a Wall Street Journal report that, citing unnamed German officials, Berlin was ready to stop buying Russian oil.