• Brent up 0.8% at 04:30 GMT, WTI up 0.9%
  • OPEC+ stands by plans to cut production by 2 million bpd
  • More Chinese cities are easing COVID-19 restrictions

MELBOURNE, Dec 5 (Reuters) – Oil prices rose as much as 2% on Monday after OPEC+ nations kept production targets steady ahead of a European Union ban and a price cap on Russian crude.

At the same time, more Chinese cities are a positive sign for fuel demand relieved COVID-19 contained over the weekend despite a patchwork loosening of politics sown…

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