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Oil prices climb after OPEC+ keeps output cut targets
Credit: IndiaTimes- Published on December 5, 2022
Oil prices rose as much as 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. At the same time, in a positive sign for fuel demand, more Chinese cities eased Covid-19 curbs over the weekend, though a patchwork easing in policies sowed...
Video credit: Rumble
Published on December 5, 2022 - 04:22
Oil prices rise as Russian embargo kicks in
Oil prices have risen after a new cap on the price of Russian crude, agreed by the G7 group of major economies, came into force.
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Oil prices rose after OPEC+ held its output targets in its meeting on Sunday and easing China curbs offered hopes of a rebound in fuel demand.
on December 5, 2022 • IndiaTimes