Brent Crude Oil Futures Exceed $112 Per Barrel on ICE
Quick Look
- Brent crude oil futures for July 2026 delivery surpassed $112 per barrel on London's ICE exchange for the first time since May 5, 2026, driven by trading data showing prices reaching $112.15.
- WTI futures also saw gains.
AI-generated summary
Why It Matters
The price of Brent crude oil futures for July 2026 delivery on London's ICE exceeded $112 per barrel for the first time since May 5, 2026, according to trading data. As of 9:22 p.m. Moscow time, the price was up 2.65%, reaching $112.15 per barrel.
MOSCOW, May 18. /TASS/. The price of futures contracts of Brent crude oil for July 2026 delivery on London’s ICE exceeded $112 per barrel for the first time since May 5, 2026, according to trading data.
As of 9:22 p.m. Moscow time (6:22 p.m. GMT), the price of Brent crude oil was up 2.65%, reaching $112.15 per barrel.
By 9:30 p.m. Moscow time (6:30 p.m. GMT), Brent crude oil was trading at $112.12 per barrel (up 2.62%). Meanwhile, the price of WTI crude oil futures for delivery in June 2026 added 3.36% to $104.41 per barrel.
Open Questions
- What factors contributed to the price increase?
- What is the outlook for oil prices in the coming weeks?
- Are there any geopolitical events influencing the oil market?
