Brent stays within $75-$80/b range as technical, political woes persist

13.12.2022

Oil prices rose more than 1% on Monday as a key pipeline supplying the United States stayed shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports.

Brent crude futures were up 30 cents, or 0.4%, to $76.40 a barrel by...