💨 Abstract

On Monday, oil prices rose by approximately $2 a barrel due to halted production at Norway's Johan Sverdrup oilfield and escalation in the Russia-Ukraine war. Brent crude futures increased by 2.8% to $73.04 a barrel, while U.S. West Texas Intermediate crude futures rose by 2.8% to $68.90 a barrel.

Courtesy: theprint.in