Oil prices rise after EU bans most Russian oil imports Posted on May 31, 2022 by cngpump Brent crude futures for July, which expires on Tuesday, gained 33 cents to $122 a barrel at 0054 GMT. The more active August contract rose 33 cents to $117.93. Related posts: Oil rebounds as supply concerns dominate Oil extends gains after news of EU’s Russian oil ban proposal Oil price headed for 3% weekly fall on emergency stocks release Oil steady despite Libya supply drop, Shanghai preparing to reopen Oil steady as economic worries offset possible China demand rise Oil price: Crude oil futures climb as supply concerns linger Oil prices rise on supply concerns as Ukraine crisis deepens Oil edges lower as mass COVID testing begins in China Oil steady on the week as oil supply risks meet economic headwinds Oil settles up as supply risks outweigh economic worries
