Oil prices continue to inch higher, with new reports that the White House is considering a ban on Russian crude oil. At 3:01 pm ET, WTI crude had risen to $115.20 per barrel, up nearly 7% on the day and up more than $20 on the week. Brent crude was trading at $117.70, up 6.58% on the day and up more than $19 on the week.
On Thursday, the White House had tersely dismissed the idea of banning Russian crude oil imports, pointing out that doing so could cause oil and gasoline prices to rise even more than they already had. But other U.S. lawmakers…Oil Rallies As White House Considers Ban On Russian Oil Imports
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