Oil eases after surging previously on Russia’s sanctions on EU companies
(Reuters) – Oil prices eased in early Asian trade on Thursday, taking a pause after rising more than 5% in the previous session following new Russian sanctions on some European gas companies.
On Wednesday Russia sanctioned 31 companies based in countries that imposed sanctions on Moscow after Russia invaded Ukraine in February.
That created unease in the market at the same time that Russian gas flows to Europe via Ukraine fell by a quarter. It was the first time exports via Ukraine have been disrupted since the invasion.
Brent crude futures fell 9 cents to $107.42 a barrel by 0013 GMT. WTI crude futures fell 13 cents to $105.58 a barrel.
