Crude climbs ahead of OPEC+ meeting; Germany to use windfall tax income to reduce energy prices

Oil prices jumped over $1 a barrel, extending gains as investors eyed possible moves by OPEC+ to cut output.  Germany’s government will use income from windfall taxes to lower end-consumer prices for gas, oil and coal according to  German Chancellor Olaf Scholz in an attempt to mitigate the impact of rising energy prices on its population as part of a 65-billion-euro package.