scorecardresearchOil prices hit highest in more than 2 months ahead of EU meeting on Russia sanctions

Oil prices hit highest in more than 2 months ahead of EU meeting on Russia sanctions

Updated: 30 May 2022, 11:22 AM IST
TL;DR.
The Brent crude futures contract for July, which expires on Tuesday, was up 37 cents, or 0.3%, at $119.80 a barrel at 0534 GMT, after rising to as high as $120.50 earlier in the session. The more active Brent contract for August rose 67 cents, or 0.6%, to $116.23 a barrel.
SALT LAKE CITY, UT - MAY 24: A driver unloads raw crude oil from his tanker to process into gas at Marathon Refinery on May 24, 2022 in Salt Lake City, Utah. Reports are saying that gas and diesel prices will continue to rise through the summer driving season.   George Frey/Getty Images/AFP
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SALT LAKE CITY, UT - MAY 24: A driver unloads raw crude oil from his tanker to process into gas at Marathon Refinery on May 24, 2022 in Salt Lake City, Utah. Reports are saying that gas and diesel prices will continue to rise through the summer driving season. George Frey/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==