Oil ends sharply higher on tight supplies as EU wrangles over Russia import ban

Oil ends sharply higher on tight supplies as EU wrangles over Russia import ban

Oil futures ended sharply higher Thursday, buoyed after data a day earlier showed a fall in U.S. crude and gasoline inventories ahead of the start of summer driving season, while the European Union continues to wrangle over a plan to phase out imports of Russian energy in response to the country‚Äôs invasion of Ukraine. Price…