Oil tanks stand at night in Tuapse, Russia, at the RN-Tuapsinsky refinery operated by Rosneft Oil Co.
Andrei Rudakov | Bloomberg | Getty Images
Oil prices rose on Monday after OPEC+ nations held steady on production targets ahead of a European Union ban and G7 price cap that came into effect on Russian crude.
At the same time, more Chinese cities eased Covid-19 restrictions over the weekend, boding well for fuel demand from the world’s largest oil importer.
While prices have increased by as much as 2% before…
