Brent hovering near 120$/bbl and WTI near 116$/bbl as the EU Summit takes place with sanctions against Russia a key topic. A deal is not looking imminent, but EU hopes remain for an agreement in the coming days.

• With the US holiday today, trading volume is very light and prices are remaining steady without any headline news to change the sentiment.
• Brent JUL 22 up 0.6% at 120.09$/bbl
• WTI JUL 22 up 0.7% at 115.9$/bbl
• Gasoil JUN 22 up 1% at 1180.25$/mt
• WTI-Brent up 0.07$/bbl at -4.16$/bbl
• Most time spreads continue to slowly tick higher although Brent Jul22 contract expiry tomorrow is causing intraday volatility in the front Brent spread.
• Brent JUL 22-AUG 22 down -0.31$/bbl at 3.56$/bbl
• Brent DEC 22-DEC 23 up 0.38$/bbl at 14.58$/bbl