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Crude oil futures end higher on Wednesday

24 Feb 2022 Evaluate

Crude oil futures ended higher on Wednesday as traders weighed risks to global crude supplies amid sanctions on Russia and the potential for a full invasion of Ukraine. Meanwhile, Ukraine declared a state of emergency and told its citizens in Russia to flee, while Moscow began evacuating its Kyiv embassy in the latest ominous signs for Ukrainians who fear an all-out Russian military onslaught.

Benchmark crude oil futures for April delivery surged $0.19 or 0.2 percent to settle at $92.10 a barrel on the New York Mercantile Exchange. Brent crude for April delivery ended flat at $96.84 a barrel on London's Intercontinental Exchange.