Brent crude tops 105 dollars for first time since May
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.
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.
The CIF price of Azerbaijan's Azeri Light crude at Italy's Augusta port decreased by $0.07, or 0.07%, from the previous level to $95.50 per barrel, a source in the oil market said.
The price of Brent crude oil futures for October on the London exchange rose above $85 per barrel, with WTI and Azerbaijani crude also climbing.
The price of Brent crude oil futures for October fell below $80 a barrel on Wednesday for the first time since July 13, according to ICE data.
The price of Brent crude futures contract with September delivery on the ICE exchange in London fell below $82 a barrel for the first time since July 13, according to trading data.
The price of Azerbaijan's Azeri Light crude oil increased by $6.97, or 7.64%, from the previous session to $98.19 per barrel.
The price of futures contracts of Brent crude oil for September 2026 delivery has dropped by more than 9% on London’s ICE, diving below $88 per barrel for the first time since July 21, 2026, according to trade data.
Oil prices continued their sharp rise on July 23, with Brent crude crossing the $100 mark for the first time since May 26.
The price of Azerbaijan's Azeri Light crude oil on a CIF basis at Italy's Augusta port increased by $1.83, or 1.85%, from the previous session to $100.56 per barrel.
Brent crude rose above $98 per barrel while WTI approached $90 as geopolitical tensions intensified. Houthi forces claimed attacks on two Saudi oil tankers, prompting some vessels to avoid the Bab el-Mandeb Strait. Markets are increasingly pricing in the risk of supply disruptions after oil gained nearly 20% in roughly two weeks.
The price of futures contracts of Brent crude oil for September 2026 delivery on London’s ICE has risen above $91 per barrel for the first time since June 11, 2026, according to trade data.
The price of futures contracts of Brent crude oil for September 2026 delivery on London’s ICE has risen above $87 per barrel for the first time since June 12, 2026, according to trade data.
Oil prices remained firmly higher on Monday despite retreating from an early rally of almost 5%, with investors continuing to assess the potential impact of renewed military tensions between the U.S. and Iran on global crude supplies.