BUSINESS

Oil Prices Gallop!

Oil prices run up to about 4 percent on Friday as United States gasoline prices jumped to a record high.

This move comes as China seeks to ease pandemic restrictions and investors worry about whether supplies will tighten if the European Union bans Russian oil.

Brent futures rose $4.10, or 3.8 percent, to settle at $111.55 a barrel.

US West Texas Intermediate (WTI) crude rose $4.36, or 4.1 percent, to settle at $110.49.

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Edited by Jesus Chan

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