Oil edges up on supply jitters as EU plans Russian oil ban | Reuters
Oil prices edged up on Thursday on supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude.
Pressure from a stronger dollar and a drop in global stock markets, however, kept oil prices in check.
Brent futures rose 76 cents, or 0.7%, to settle at $110.90 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 45 cents, or 0.4%, to settle at $108.26.
That was the highest close for WTI since March 25 and the highest settle for Brent since April 18.
U.S. gasoline futures , meanwhile, closed at their highest since settling at a record high on March 8.
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