What If The Market Bottom Is Here Without Capitulation?


Oil above $120 a barrel ahead of EU meeting on Russia sanctions

LONDON (Reuters) -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. 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.

Leave a Reply

Your email address will not be published. Required fields are marked *