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World oil prices

Price of Brent oil up above $94 per barrel on London’s ICE first since August 21

As of 7:24 p.m. Moscow time, the Brent price stood at $94.26 a barrel

MOSCOW, September 1. /TASS/. The price of futures contracts of Brent crude oil for November 2026 delivery on London’s ICE has risen above $94 per barrel for the first time since August 21, 2026, according to trade data.

As of 7:24 p.m. Moscow time (4:24 p.m. GMT), the Brent price was up by 4.17% at $94.26 a barrel.

By 7:29 p.m. Moscow time (4:29 p.m. GMT), the price of Brent oil had narrowed gains to 3.99% reaching $94.1 per barrel. Meanwhile the price of futures contracts of WTI crude oil for October 2026 delivery was up by 4.63% at $89.73 per barrel.

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