Brent Rises to $115 Per Barrel

Brent crude, the global oil benchmark, appreciated in price on Monday, moving up by 7.3 per cent or $7.88 to $115/barrel.

Nigerian time as European Union nations considered joining the United States in a Russian oil embargo

The rise in crude oil prices also came after a weekend attack on Saudi Arabia oil facilities.

Global oil prices moved higher ahead of talks this week between European Union governments and the United States President, Joe Biden, in a series of summits that aims to harden the West’s response to Moscow over its invasion of Ukraine.

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