The Brent crude futures contract for July, which will expire on Tuesday, was up 54 cents, or 0.5%, at $119.97 a barrel at 0912 GMT
Oil prices rose on Monday, hitting their highest in more than two months, as traders waited to see whether a planned European Union meeting would reach an agreement on banning Russian oil imports.
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 “special military operation.” EU governments failed to agree on an embargo on Russian oil on Sunday but will continue talks on a deal to ban seaborne deliveries while allowing deliveries by pipeline, ahead of the summit on Monday afternoon, officials said.
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