NEW YORK, April 12 (Xinhua) -- Oil prices surged on Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) warned of severe supply risks if Russian oil is fully banned.
The West Texas Intermediate (WTI) for May delivery added 6.31 U.S. dollars, or 6.7 percent, to settle at 100.60 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery increased 6.16 dollars, or 6.3 percent, to close at 104.64 dollars a barrel on the London ICE Futures Exchange.
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