OPEC+ to meet March 2, eyes no change to policy UK bans Russian-owned oil tankers, refiners shifting from Urals IEA release of 60 million barrels from SPRs 0812 GMT: Crude futures surged March 2 to a new seven-year high as international sanctions on Russia increasingly squeeze supply of the country’s oil and markets see little sign OPEC+ will change its output strategy in response to $100 oil and the war in Ukraine. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The May ICE Brent crude futures contract surged to almost $113/b in early trading March 2, hitting fresh seven-year highs and taking its two-day gains at one point to 15%. At 0812 GMT, the contract was $6.15/b (5.9%) higher than the previous close at $111.12/b. The last time Brent crude futures traded above $115/b was June 2014. Futures are now following sharp moves seen […]