Oil Surges As Russian Oil Price Cap Kicks In—Here’s How High Experts Predict It Could Go

Oil Surges As Russian Oil Price Cap Kicks In—Here’s How High Experts Predict It Could Go

Oil prices spiked early Monday, paring last week’s dip to their lowest level since early January, as markets held their breath about Russia’s reaction to the price cap on its oil exports implemented Monday by the U.S., European Union and its allies.