Oil rises after OPEC+ holds oil output targets, China eases COVID curbs
Oil prices surged after OPEC+ nations decided to hold oil output targets in their meeting held on Sunday. Easing of COVID curbs in Chinese cities also brought positive sentiment for the oil market
Oil prices inched up in early trade after OPEC+ nations reaffirmed their oil output targets ahead of a European Union ban and price caps on Russian crude, which kick off on Monday.
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