Published On: April 5, 2022

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 “Oil prices rose sharply Wednesday after Russia warned a major oil pipeline could be out of service for more than a month due to storm damage, amplifying supply shortfalls caused by the war in Ukraine. News of the outage helped drive US oil prices 5.2% higher to settle at $114.93 a barrel. Brent crude, the world benchmark, jumped 5.3% to $121.60 a barrel.”

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