💨 Abstract

Oil prices rose by about $2 per barrel on Monday, driven by a production halt at Norway's Johan Sverdrup oilfield and escalation of the Russia-Ukraine war. Equinor halted production at the Johan Sverdrup oilfield, western Europe's largest, due to an onshore power outage. The outage could tighten the North Sea crude market. Additionally, Ukraine was allowed to use U.S.-made

Courtesy: theprint.in