Oil price crossed the $120 mark on Monday, climbing to its highest in over two months, ahead of European Union's meeting which could lead to a ban on Russian oil imports. Brent crude futures was up 47 cents to $119.90/barrel after rising to $120.50/barrel earlier in the session. US West Texas Intermediate (WTI) crude futures jumped 72 cents to $115.79/barrel.
by Ashley Paul
on 30 May