WTI crude surges more than 5% on Russia-Ukraine crisis

Hong Kong (AFP) Feb 28, 2022

West Texas Intermediate crude surged more than five percent in early trade on Monday as traders grow increasingly worried about an energy crisis after Western nations imposed fresh sanctions on Moscow over its invasion of Ukraine. The contract rose 5.07 percent to $96.23, while Brent crude was up 4.30 percent at $102.14. The United States and European Union said they would exclude some R