December 29, 2024

Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap Looms

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Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap Looms

 

Oil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China’s COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.