scorecardresearchOil jumps over $2 per barrel after Saudi Arabia hikes crude prices

Oil jumps over $2 per barrel after Saudi Arabia hikes crude prices

Updated: 06 Jun 2022, 07:24 AM IST
TL;DR.
Brent crude futures were up $1.80, or 1.5%, at $121.52 a barrel at 2319 GMT after touching an intraday high of $121.95, extending a 1.8% gain from Friday.
A petrol pump attendant replaces a pump at a filling station in Soweto, South Africa, Tuesday, May 31, 2022. South Africans are feeling the bite of fuel price increases that are blamed on Russia's war in Ukraine and the rise in the Brent crude oil price. (AP Photo/Themba Hadebe)

A petrol pump attendant replaces a pump at a filling station in Soweto, South Africa, Tuesday, May 31, 2022. South Africans are feeling the bite of fuel price increases that are blamed on Russia's war in Ukraine and the rise in the Brent crude oil price. (AP Photo/Themba Hadebe)