Saturday, March 8, 2025
Oil gains on OPEC+ output plans and price cap on Russian crude- oil and gas 360

Oil gains on OPEC+ output plans and price cap on Russian crude

BOE Report Oil prices on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and the start of a G7 price cap on Russian crude. At the same time, in a positive sign for fuel demand in the world’s top oil importer, more Chinese cities eased COVID-19 curbs over the weekend. WTI crude futures gained $2.30,