Oil climbs on supply jitters as EU plans Russian oil ban Posted on May 5, 2022 by cngpump Brent crude was up 36 cents, or 0.3 per cent, at $110.50 a barrel by 1007 GMT. US West Texas Intermediate crude rose 4 cents, or less than 0.1 per cent, to $107.85. Related posts: PUC Center Near Me In Delhi CNG Pump Near Me In Mumbai Oil extends gains after news of EU’s Russian oil ban proposal Oil steady despite Libya supply drop, Shanghai preparing to reopen Oil edges lower as mass COVID testing begins in China Oil prices rise on supply concerns as Ukraine crisis deepens Oil price headed for 3% weekly fall on emergency stocks release Oil bounces higher ahead of Fed moves, EU sanctions on Russian oil Oil down 5 per cent after IMF slashes growth forecast Oil futures open higher on IEA warning on Russian supplies