Oil prices added to gains on Thursday on concerns about supply due to a possible European Union ban on Russian oil.
from Russia by the end of the year, said German Foreign Minister Annalena Baerbock after a meeting with her Baltic counterparts on Wednesday.
"I therefore say here clearly and unequivocally yes, Germany is also completely phasing out Russian energy imports," said Baerbock.The oil market remains tight with the Organization of the Petroleum Exporting Countries and allies led by Russia, together called OPEC+, struggling to meet their production targets and with U.S. crude stockpiles down sharply in the week ended April 15.
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