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Europe was plunged deeper into crisis as Russia’s Gazprom PJSC again halted its key gas pipeline indefinitely, a move decried by European politicians as an attempt to use energy as a weapon.
Oil declined as investors assessed signs of lackluster US gasoline demand and expanding stockpiles.
The EU and Russia are at risk of triggering a de facto embargo on Russian gas after the bloc’s lawyers drafted a preliminary finding that the mechanism President Vladimir Putin is demanding for payment in rubles would violate the bloc’s sanctions.
Chancellor did not say what action his government would take against the pipeline as Putin mobilises troops