After Saudi Arabia announced a rise in crude prices for July, crude oil futures in the United States hit their highest level in nearly three months.
West Texas Intermediate crude futures hit a three-month high of $120.99 per barrel on Monday, and were trading at $119.28 per barrel at 04:58 a.m. EDT. Meanwhile, Brent crude was trading at $120.04 barrel after hitting an intraday high of $121.95.
