India, March 31 -- Oil prices climbed on Monday as the dollar weakened on growth worries and U.S. President Donald Trump threatened Russia with further oil sanctions.
Benchmark Brent crude futures jumped 0.8 percent to $73.32 a barrel in European trade while WTI crude futures were up 0.8 percent at $69.89.
The U.S. dollar was on track for a quarterly loss amid worries about the inflation and economic outlook.
Investment bank Goldman Sachs has placed the probability of a U.S. recession at 35 percent, up from its previous forecast of 20 percent, citing declining business and consumer confidence, weakening economic fundamentals, and indications that the White House may be willing to endure short-term economic strain to achieve policy object...