3/23, 2:36 PM (Source: TeleTrader)
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Crude extends gains, jumps more than 4%

Prices of crude oil continued to rise on Wednesday, soaring over 4% as the supply-related worries mounted.

The traders remained worried over potential additional sanctions against Russia that United States President Joe Biden and the European leaders could agree on during his announced visit to the continent. Russia is the world's second-largest exporter of crude.

West Texas Intermediate for May deliveries soared 3.83% at 9:25 am ET, selling for $113.45 per barrel, while Brent for settlements in the same month flew 4.11% a minute later, and went for $120.26 per barrel.

Baha Breaking News (BBN) / BU