TASS5/17/2026Business1 min readRussia
Brent Oil Futures Exceed $110 Per Barrel for First Time Since May 5
Quick Look
- Brent oil futures for June delivery surpassed $110 per barrel on May 18, reaching their highest point since May 5.
- The benchmark rose to $111.35 before settling slightly lower at $110.40.
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Why It Matters
Brent oil futures expiring in June exceeded $110 per barrel for the first time since May 5. The benchmark saw an increase in price on May 18.
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MOSCOW, May 18. /TASS/. Brent oil futures expiring in June exceeded $110 per barrel for the first time since May 5, data from the London-based ICE exchange showed.
As of 1:00 a.m. Moscow time on May 18 (10:00 p.m. GMT on May 17), the oil benchmark rose by 1.91% to $111.35 per barrel.
By 1:20 a.m. Moscow time, Brent pared gains to trade at $110.40 per barrel, up 1.04%.
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This article was originally published by TASS.
