Source: Bloomberg
The price of Brent crude oil futures for delivery in July 2026 on the London ICE Exchange rose above $120 per barrel for the first time since June 17, 2022, according to trading data, The Caspian Post reports.
As of 11:32 PM (Baku time), Brent crude oil prices were up 7.88% and stood at $120.03 per barrel.
By 11:37 PM (Baku time), Brent crude oil had slightly eased its gains and was trading at $119.95 per barrel, representing an increase of 7.81%.
Meanwhile, West Texas Intermediate (WTI) crude oil futures for delivery in June 2026 rose by 8.15% to $108.07 per barrel.
Share on social media