"Brent crude, the international oil benchmark, has surpassed $120 a barrel, reaching a two-month high as gasoline and diesel fuel prices continue to rise.
The U.S. oil benchmark, West Texas Intermediate, also rose, reaching more than $116 a barrel.
The price spike comes at a time when demand in the United States is expected to rise with the start of the summer driving season and European leaders trying to reach agreement on a Russian oil embargo."
Source: The Hill, 05/31/2022