European stocks open higher, investors weigh up oil ban’s impact

Published by
Reuters UK

By Elizabeth Howcroft LONDON (Reuters) – European stock indexes clawed back some ground in early trading on Wednesday after three days of falls, as crude prices rose after the United States banned Russian oil imports. Western sanctions have cut Russia off from global trade and financial markets in response to its invasion of Ukraine, and oil prices only edged higher after the U.S. ban, which Goldman Sachs analysts said had already been priced in. At 0815 GMT, Brent crude futures were at $128.89 a barrel, up 0.6% on the day. While this was below Monday’s high of $139.13, it was roughly double D…

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