Three Bullish Factors That Could Send Oil To $120

U.S. West Texas Intermediate crude oil futures are trading nearly flat on Friday, while continuing to hover near its more than two-month high. Helping to underpin prices is the prospect of a European Union (EU) ban on Russian energy products and expectations of tighter U.S. gasoline supplies. Two Factors Attracting the Most Attention The focus for traders this week has been supply. And two events have garnered most of the attention:  The possible ban on Russian crude exports and the significant tightness in U.S. product inventories. The EU…