Brent crude touches $88 per barrel

Baghdad-INA
Oil prices jumped 2%, on Monday, after OPEC + countries kept their production targets before the European Union ban and put a ceiling on Russian crude, which takes effect from today.

Meanwhile, in a positive sign for fuel demand, more Chinese cities eased anti-corona virus restrictions over the weekend.

Brent crude futures rose $1.84, or 2.2%, to $87.41 a barrel at 01:42 GMT, while West Texas Intermediate crude futures rose $1.64, or 2%, to $81.62 a barrel.