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Price of Brent oil up above $107 per barrel on ICE first since September 29

As of 4:48 p.m. Moscow time, the Brent price increased by 2.21% to $107.03 a barrel

MOSCOW, October 12. /TASS/. The price of futures contracts of Brent crude oil for December 2026 delivery on London’s ICE has risen above $107 per barrel for the first time since September 29, 2026, according to trade data.

As of 4:48 p.m. Moscow time (1:48 p.m. GMT), the Brent price was up by 2.21% at $107.03 a barrel.

By 4:53 p.m. Moscow time (1:53 p.m. GMT), the price of Brent had narrowed gains to 2.18% reaching $107 per barrel. Meanwhile the price of futures contracts of WTI crude oil for November 2026 delivery was up by 2.2% at $93.87 per barrel.