HONG KONG, April 5 — Oil prices extended gains Tuesday on the prospect of further sanctions on Russia for alleged “atrocities” in some occupied Ukraine cities, while equities struggled to build on a rally in New York and Europe.
White House National Security Advisor Jake Sullivan also signalled more US sanctions were on the way this week. It also offset an expected hit to demand in China from lockdowns in parts of the country — including Shanghai, the biggest city — sparked by a wave of Omicron outbreaks.
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