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Some European Union foreign ministers are pushing for an oil embargo as part of a possible fifth round of sanctions against Russi, in an effort to punish Moscow over events in Ukraine.

A rally in information technology stocks and Reliance Industries had helped both indexes gain more than 1% in the previous session, with the early momentum helping them open higher on Wednesday only to give up the gains and settle lower by mid-day.

India's three state-run fuel retailers - Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp - dominate fuel retailing in India and tend to move their prices together.

Toyota's Sienna minivans, retrofitted with Aurora's self-driving system, will be tested on highways and suburban streets in the Dallas-Fort-Worth area, with the operation including trips enroute to an airport.

India set to receive atleast 1.06 million tonnes of coal from Russia this month

The world may be less dependent on oil now than it was during the energy shocks of the 1970s, but the Ukraine conflict is stark evidence of a stubborn craving that can still disrupt economies, confound policymakers and spark political strife.

Brent futures settled at $115.62 per barrel, up to $7.69 or 7.12 per cent, while U.S. West Texas Intermediate (WTI) crude futures settled at $112.12 per barrel, up to $7.42 or 7.09per cent.

Daimler Trucks chief executive said governments need to offer subsidies to offset the higher costs of electric trucks