Oil prices open higher on EU Russian oil ban, end of Shanghai lockdown
Oil prices rose in early Asian trade on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and China ended its COVID-19 lockdown in Shanghai.
Brent crude for August delivery was up 78 cents, or 0.7%, at $116.38 a barrel at 0037 GMT.
The front-month contract for July delivery expired on Tuesday at $122.84 a barrel, up 1%.
