RIYADH: Oil prices rose as much as 2 percent on Monday after the Organization of Petroleum Exporting Countries and its allies, known as OPEC+, held their output targets steady ahead of an EU 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 confusion across the country on Monday.
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