Oil and natural gas jump in Europe after EU unveils plans to phase out Russian crude within 6 months
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Oil rallied on Wednesday, after the EU unveiled a proposal to phase out Russian crude imports within six months. European Commission President Ursula von der Leyen said the aim is to ratchet up pressure on Moscow for its war in Ukraine. "Russian fossil fuels are soon going to be history for western Europe and its allies," one analyst said. For more stories visit Business Insider. Oil and natural gas prices…
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