Oil prices trade cautiously ahead of new sanctions on Russia
, which President Volodymyr Zelenskyy described as "war crimes" demanding commensurate punishment, according to Reuters.Proposed EU sanctions would ban the purchase of Russian coal and prevent Russian ships from entering EU ports.
U.S. crude and distillate stocks rose last week while gasoline inventories dipped, according to market sources citing American Petroleum Institute figures on Tuesday.
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