IBT Staff Reporter

Oil prices rose to two-month highs on Monday as traders waited to see if the European Union would reach an agreement on banning Russian oil ahead of a meeting on a sixth package of sanctions against Moscow for its invasion of Ukraine.

Oil prices climbed on Monday, hitting their highest in more than two months, as traders waited to see if the European Union would reach an agreement on banning Russian oil imports to sanction Moscow for its invasion of Ukraine.

Oil prices rose on Monday, hitting their highest in more than two months, as traders waited to see whether a planned European Union meeting would reach an agreement on banning Russian oil imports.

Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months, as traders waited to see whether a European Union meeting would reach an agreement on banning Russian oil imports.

Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months, as traders waited to see whether the European Union would reach an agreement on banning Russian oil imports.

Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months as traders priced in expectations that the European Union will eventually reach an agreement to ban Russian oil imports.

Oil prices climbed above $121 a barrel on Monday, hitting a two-month high as China eased COVID-19 restrictions and traders priced in expectations that the European Union will eventually reach an agreement to ban Russian oil imports.

After struggling to find staff during the pandemic, businesses in Singapore have increasingly turned to deploying robots to help carry out a range of tasks, from surveying construction sites to scanning library bookshelves.

Top European Union diplomats meet on Monday for a last-ditch attempt to agree on Russian oil import sanctions before their leaders meet later in the day, seeking to avoid a spectacle of disunity over the bloc's response to the war in Ukraine.

Top European Union diplomats met on Monday for a last-ditch attempt to agree on Russian oil import sanctions before their leaders meet later in the day, seeking to avoid a display of disunity over the bloc's response to the war in Ukraine.

European Union leaders are set to agree in principle to ban oil imports from Russia at a summit on Monday and Tuesday in Brussels, but after weeks of haggling they will leave decisions on how it will work for later, diplomats said.

European Union leaders will fail to agree on a Russian oil ban at a summit on Monday and Tuesday in Brussels, leaders said as they arrived, adding that weeks of haggling over the matter were not over even if they were hopeful for a deal later.

EU countries failed to agree on a Russian oil import ban despite last-minute haggling before a summit got under way in Brussels on Monday, exposing a struggle to widen sanctions on Moscow over its war in Ukraine as the economic risk for Europe grows.

EU leaders on Monday made clear they would fail to agree on a Russian oil import ban at a summit in Brussels, prompting swift criticism from Ukrainian President Volodymyr Zelenskiy who chastised them for being too soft on Moscow.

European Union leaders said they had agreed on Monday to cut 90% of oil imports from Russia by the end of this year, resolving an impasse over the bloc's toughest sanction yet on Moscow since the invasion of Ukraine three months ago.

European Union leaders agreed in principle on Monday to cut 90% of oil imports from Russia by the end of this year, resolving a deadlock with Hungary over the bloc's toughest sanction yet on Moscow since the invasion of Ukraine three months ago.

The dollar nursed last week's losses on Monday and was headed for its first monthly drop in five months as investors have scaled back bets that rising U.S.

The U.S. dollar resumed its slide on Monday as risk appetite across markets tentatively strengthened, supported by encouraging economic data and bets that the Federal Reserve will tighten policy at a slower pace.

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World shares rose on Monday and the dollar was pinned near five-week lows on hopes of an eventual slowdown in U.S.

World share markets rose on Monday and the dollar was anchored at five-week lows on bets of a possible slowdown in U.S.

Australia's top power producer AGL Energy on Monday ditched plans to split the company and said its chairman and CEO would step down, caving in to opposition from billionaire climate activist and top shareholder Mike Cannon-Brookes.

Australia's top power producer AGL Energy on Monday ditched plans to split the company and said its chairman and CEO would step down, caving in to opposition from billionaire climate activist and top shareholder Mike Cannon-Brookes.

China's 'zero-COVID' policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has battered much of the country's economy, but it has created bubbles of growth in the medical, technology and construction sectors.

Over 100 people are missing or confirmed dead in Brazil, the government said on Sunday, as mudslides and major floods brought about by heavy rains tore through several urban neighborhoods in the northeastern part of the country.

Dozens of migrants performed an opera in the Mexican border city of Tijuana on Saturday aimed at dramatizing the struggles of those who seek to reach the United States.

The "liberation" of Ukraine's Donbas region is an "unconditional priority" for Moscow, while other Ukrainian territories should decide their future on their own, Russian Foreign Minister Sergei Lavrov said on Sunday.

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EU struggles to break deadlock on Russian oil ban before summit