Oil jumps in volatile trade amid CPC pipeline disruption | Reuters
Oil prices rose in volatile trading on Wednesday, supported by disruption to Russian and Kazakh crude exports via the CPC pipeline.
Brent crude futures were up $5.16, or 4.5%, at $120.64 a barrel at 1335 GMT. Prices had earlier fallen to a low of $114.45.
U.S. West Texas Intermediate (WTI) crude futures rose $4.83, or 4.4%, to $114.10 a barrel. The contract had earlier slipped to a low of $108.38.
The market remains on edge over the prospect of further sanctions on Russia, the world's second-largest crude exporter, after its invasion of Ukraine, which Moscow calls a "special operation."
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