Global oil prices rallied to a two-year high on Monday, deepening a dilemma for the government that is desperate for options of diffusing public outrage over costly fuel amid an economic weigh down by the Covid-19 pandemic.
Oil prices struck $73.44 a barrel on Monday, a market report by Reuters showed, the highest since May 2019 buoyed by an improved outlook for demand as increased Covid-19 vaccinations help lift travel curbs.
