Oil Above $120 A Barrel Ahead Of EU Meeting On Russia Sanctions

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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending solid gains made last week. The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation". "EU Russian oil import ban is still a work in progress and if it gets over the line this week, expect supplies to tighten again," said Jeffrey Halley, a senior market analyst at OANDA.

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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending solid gains made last week. The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation". "EU Russian oil import ban is still a work in progress and if it gets over the line this week, expect supplies to tighten again," said Jeffrey Halley, a senior market analyst at OANDA.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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending solid gains made last week. The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation". "EU Russian oil import ban is still a work in progress and if it gets over the line this week, expect supplies to tighten again," said Jeffrey Halley, a senior market analyst at OANDA.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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending solid gains made last week. The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation". "EU Russian oil import ban is still a work in progress and if it gets over the line this week, expect supplies to tighten again," said Jeffrey Halley, a senior market analyst at OANDA.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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending solid gains made last week. The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation". "EU Russian oil import ban is still a work in progress and if it gets over the line this week, expect supplies to tighten again," said Jeffrey Halley, a senior market analyst at OANDA.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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending solid gains made last week. The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation". "EU Russian oil import ban is still a work in progress and if it gets over the line this week, expect supplies to tighten again," said Jeffrey Halley, a senior market analyst at OANDA.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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending solid gains made last week. The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation". "EU Russian oil import ban is still a work in progress and if it gets over the line this week, expect supplies to tighten again," said Jeffrey Halley, a senior market analyst at OANDA.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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending solid gains made last week. The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation". "EU Russian oil import ban is still a work in progress and if it gets over the line this week, expect supplies to tighten again," said Jeffrey Halley, a senior market analyst at OANDA.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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending solid gains made last week. The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation". "EU Russian oil import ban is still a work in progress and if it gets over the line this week, expect supplies to tighten again," said Jeffrey Halley, a senior market analyst at OANDA.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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending solid gains made last week. The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation". "EU Russian oil import ban is still a work in progress and if it gets over the line this week, expect supplies to tighten again," said Jeffrey Halley, a senior market analyst at OANDA.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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending solid gains made last week. The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation". "EU Russian oil import ban is still a work in progress and if it gets over the line this week, expect supplies to tighten again," said Jeffrey Halley, a senior market analyst at OANDA.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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending solid gains made last week. The EU is due to meet on Monday and Tuesday to discuss a sixth package of sanctions against Russia for its invasion of Ukraine, actions which Moscow calls a "special military operation". "EU Russian oil import ban is still a work in progress and if it gets over the line this week, expect supplies to tighten again," said Jeffrey Halley, a senior market analyst at OANDA.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. The Brent crude futures contract for July, which will expire on Tuesday, was up 69 cents, or 0.6%, at $120.12 a barrel at 1310 GMT. The August Brent contract, which is more active, rose 85 cents, or 0.7%, to $116.41 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 74 cents, or 0.6%, to $115.81 a barrel, extending so