Brent takes $120/b threshold again as Saudis keep foot on brake

07.06.2022

Oil prices topped $120 a barrel in choppy trade on Monday buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers would ease tight supply.

Brent crude was up 64 cents, or 0.5%, to $120.36 a barrel at 1339 GMT...