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U.S. oil futures end higher on Russia-Ukraine conflict, but well below the day’s highs above $100

U.S. oil futures topped $100 a barrel on Thursday after Russia’s full-scale invasion of Ukraine. Prices, however, finished with a more modest gain. Oil and natural-gas supplies are still unaffected by the current escalation, but “there is a concern that at some point they may get cut off,” said Michael Hewson, chief market analyst at CMC Markets UK. West Texas Intermediate crude for April delivery rose 71 cents, or 0.8%, to settle at $92.81 a barrel on the New York Mercantile Exchange after trading as high as $100.54.

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