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The international benchmark Brent crude contracts ended the closest trading session, up $1.97, or 1.7 percent, to record at a settlement of $ 115.9 a barrel, while the US benchmark West Texas Intermediate crude contracts closed up $1.95, or 1.8 percent, to $ 109.57 a barrel.
The Group of Seven pledged to stand with Ukraine "To the extent it takes"Proposing to put a ceiling on the price of Russian oil in the framework of new sanctions to affect the finances Russia.
A French presidential official said the international community should explore all options to ease tight energy supplies, including talks with producing countries such as Iran and Venezuela. US sanctions are curbing crude exports from the two OPEC members.
Both benchmarks closed lower for a second week in a row on Friday, while interest rate increases in major economies boosted the dollar and fueled fears of a global recession.
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The international benchmark Brent crude contracts ended the closest trading session, up $1.97, or 1.7 percent, to record at a settlement of $ 115.9 a barrel, while the US benchmark West Texas Intermediate crude contracts closed up $1.95, or 1.8 percent, to $ 109.57 a barrel.
The Group of Seven pledged to stand with Ukraine “To the extent it takes,” proposed capping the price of Russian oil in the framework of new sanctions to affect the finances Russia.
A French presidential official said the international community should explore all options to ease tight energy supplies, including talks with producing countries such as Iran and Venezuela. US sanctions are curbing crude exports from the two OPEC members.
Both benchmarks closed lower for a second week in a row on Friday, while interest rate increases in major economies boosted the dollar and fueled fears of a global recession.