International oil prices rose on Monday, to their highest level in two months, as traders waited to see if the European Union would reach an agreement on the Russian oil embargo. Before a meeting regarding the sixth package of sanctions against Moscow over the war in Ukraine.
Brent crude futures for July rose more than a dollar to $120.50 a barrel, while US Texas crude futures jumped a dollar to $116.10 a barrel, continuing strong gains that were achieved last week.
EU leaders are due to meet on Monday and Tuesday; To discuss the sixth package of sanctions against Russia.
Gold prices also rose today in volatile trading; They were boosted by the dollar's decline, although some investors' switch to riskier assets in Asia limited these gains.
Gold rose in spot transactions 0.2% to $ 1856.86 an ounce, while US futures rose 0.1% to $ 1859.40 an ounce.
For other precious metals, spot silver rose 0.1% to $22.13 an ounce, platinum rose 0.1% to $954.51 and palladium rose 0.8% to 2079.39. dollars.
