Yahoo Finance columnist Rick Newman explains how the battle against climate change is impacting the energy crisis.
Oil prices edged higher on Tuesday, after a G7 price cap on Russian seaborne oil came into force on Monday on top of a European Union embargo on imports of Russian crude by sea. Brent crude futures had risen 66 cents to $83.34 a barrel by 0108 GMT. West Texas Intermediate crude (WTI) rose 70 cents to $77.63 a barrel.
Oil prices are currently down by more than 30% from their 52-week highs, but analysts still see opportunity in energy stocks