The price of oil futures jumped on Monday, with both West Texas Intermediate (WTI) and Brent reaching their highest point since late February, with worries on the supply side growing. Recently, United States President Donald Trump warned that he would slap additional tariffs on Russian crude if Russian President Vladimir Putin continues to stall negotiations to end the war in Ukraine. WTI for May deliveries soared 2.41% at 11:45 am ET, going for $71.27 per barrel. Brent, for the same month settlements, advanced by 1.34% a minute later, selling at $74.71 a barrel.