India, March 7 -- Crude oil prices gave back after an early surge but remained notably higher on Friday, adding to the modest gain posted in the previous session.
After inching up $0.05 or 0.1 percent to $66.36 a barrel on Thursday, crude for April delivery climbed $0.68 cents or 1.0 percent to at $67.04.a barrel. Earlier, the price of crude surged as much as 2.8 percent to a high of $68.22 a barrel.
The initial spike by crude oil prices came after President Donald Trump threatened to impose sanctions on Russia over its continued attacks on Ukraine.
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"I am strongly considering large scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease ...