Oil prices rose to their highest in more than two months on Monday, due to China’s projections emergence from the Covid-19 shutdown.
A fresh attempt by European Union leaders to strike an agreement banning most Russian oil imports has added to the upside momentum. Heading towards the summit in Brussels, German Chancellor Olaf Scholz said he was confident the bloc would find a consensus on the ban — although other European leaders have been more cautious about the chance of an impending deal.
