{"id":494933,"date":"2022-05-31T09:29:37","date_gmt":"2022-05-31T03:59:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=494933"},"modified":"2022-05-31T10:46:28","modified_gmt":"2022-05-31T05:16:28","slug":"oil-prices-climb-above-120-barrel-ahead-of-eu-meeting-on-russia-sanctions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-climb-above-120-barrel-ahead-of-eu-meeting-on-russia-sanctions\/","title":{"rendered":"Oil prices climb above $120\/barrel ahead of EU meeting on Russia sanctions"},"content":{"rendered":"<p>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 a European Union meeting would reach an agreement on banning Russian oil imports.<\/p>\n<p>The Brent crude futures contract for July, which will expire on Tuesday, was up 59 cents, or 0.5%, at $120.02 a barrel at 1100 GMT. The August Brent contract, which is more active, rose 74 cents, or 0.6%, to $116.30 a barrel.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures jumped 65 cents, or 0.6%, to $115.72 a barrel, extending solid gains made last week.<\/p>\n<p>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 &#8220;special military operation&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 a European Union meeting would reach an agreement on banning Russian oil imports. The Brent crude futures contract for July, which will expire on Tuesday, was up 59 cents, or 0.5%, at $120.02 a barrel at 1100 GMT. The August Brent contract, which is more active, rose 74 cents, or 0.6%, to $116.30 a barrel. U.S. West Texas Intermediate (WTI) crude futures jumped 65 cents, or 0.6%, to $115.72 a barrel, extending solid gains made [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-494933","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/494933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=494933"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/494933\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=494933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=494933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=494933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}