Oil prices rose to their highest level in more than two months on Monday, driven by China’s tentative recovering from covid-19 shutdown,
A renewed push by EU leaders to strike a deal that would impose sanctions on most Russian oil imports added to the pace of the rise in prices. Attending the summit in Brussels, German Chancellor Olaf Scholz said he was confident the bloc would achieve a consensus on the ban—although Other European leaders were more cautious About the possibility of an imminent agreement.