Oil prices climb as E.U. price cap, OPEC decision, and easing of China’s Covid restrictions provide support
December 05, 2022 at 08:43 AM EST
Oil futures trade higher on Monday, adding to last week's gain, after a European Union ban on importing Russian seaborne crude and a price cap of $60 a barrel took effect Monday, while OPEC kept its production quotas unchanged at a Sunday meeting.
