Brent oil prices soar to 115 dollars per barrel
Oil prices on the exchange are rising once more, with Brent returning to early-May levels and nearing $115.
Oil prices on the exchange are rising once more, with Brent returning to early-May levels and nearing $115.
Oil prices advanced on Wednesday as tensions in the Middle East continued to raise concerns about regional supply disruptions, while industry data showed a larger-than-expected decline in U.S. crude inventories.
Oil prices climbed on Tuesday as investors continued to monitor simmering tensions in the Middle East and U.S. front-month futures contracts neared expiry.
The price of Azerbaijan's Azeri Light crude fell by $3.75, or 2.85%, from the previous level to $127.87 per barrel on a CIF basis at Italy's Augusta port.
The price of Azerbaijan’s Azeri Light crude on a CIF basis at the Italian port of Augusta rose by $0.81, or 0.6%, from the previous level to $131.62 per barrel, according to oil market participants.
The International Monetary Fund has predicted a nearly 41% increase in oil prices this year, at an average of $96 a barrel. The …
The price of futures contracts of Brent crude oil for December 2026 delivery on London’s ICE has risen above $106 per barrel for the first time since September 29, 2026, according to trade data.
This morning, Brent crude fell to $96.69 per barrel and WTI dropped to $88.90, while the price of Azeri Light rose to $112.29 per barrel.
The price of Brent crude futures for November 2026 delivery on the London-based ICE exchange slid below $98 per barrel for the first time since September 8 of this year, market data showed on Tuesday.
Oil prices fell more than 2% Monday as hopes for renewed U.S.-Iran talks and a recovery in Saudi crude exports eased supply concerns that have kept prices elevated in recent weeks.
This morning, Brent crude dropped to $103.68 per barrel, a decline of more than 1% from the previous session, while WTI prices also fell.
Oil prices are falling today, with Brent losing more than 3.3% and WTI over 2.5%, bringing prices back to early‑September levels.
Oil prices are rising on the exchange, with Brent crude exceeding $105 for the first time since May 22 and WTI surpassing the $100 mark.
Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic threshold for the first time since July 24 as intensifying conflict in the Middle East heightened concerns about oil flows from the region.
Oil prices on Tuesday surged toward $100 a barrel after Iran-backed Houthi militants launched an attack on Saudi Arabia that Saudi officials said injured dozens of civilians in a major escalation of tension in the region.
Oil prices moved higher as concerns grew that the conflict in the Middle East could drag on, with Brent rising 0.9% to $97.24 and WTI gaining 0.9% as well to $92.36.
The price of Azerbaijani Azeri Light crude climbed 3% to almost $105 in international trading
Oil prices moved higher for a third consecutive session on Wednesday, although they reduced earlier gains as investors monitored renewed military exchanges between the U.S. and Iran and their potential implications for Middle Eastern crude supplies.
Brent crude rose above $92 per barrel on Monday, extending gains from the previous session amid renewed hostilities in the Middle East.
The price of futures contracts of Brent crude oil for October 2026 delivery on London’s ICE has risen above $92 per barrel for the first time since July 30, 2026, according to trade data.