It's a bad start to the week for most consumers, as the price of oil climbed to its highest in about two months. The international crude benchmark Brent is back up above $120 a barrel. That's as European nations continue their political wrangling on a sixth round of sanctions on Moscow, which include a gradual ban on Russian oil imports.

For more, we spoke to David Madden. He's a market analyst at Equiti Capital in London.

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