TASS34 minutes agoBusiness1 min readRussia
Brent crude futures rise above $109 per barrel for first time since May
Quick Look
- Brent crude futures for November delivery on London's ICE exchange rose above $109 per barrel for the first time since May 21, reaching $109.06 by 11:57 p.m.
- Moscow time on September 10 before easing slightly to $108.81 by 0:02 a.m.
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Why It Matters
Brent crude futures are a global benchmark for oil prices, traded on exchanges like ICE in London. The price movement reflects market reactions to supply dynamics and demand expectations.
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MOSCOW, September 11. /TASS/. The price of Brent crude futures for November delivery on London’s ICE exchange rose above $109 per barrel for the first time since May 21, according to trading data.
As of 11:57 p.m. Moscow time (8:57 p.m. GMT) on September 10, Brent was up 1.33% to $109.06 per barrel.
By 0:02 a.m. Moscow time (9:02 p.m. GMT), Brent price gains slowed to $108.81 per barrel (+1.1%).
Open Questions
- What specific factors drove the price increase above $109 per barrel?
- How long is the upward trend expected to continue?
- Are there any geopolitical or supply disruptions influencing the market?
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This article was originally published by TASS.
