Business · Energy & Commodities · 2 hrs ago

Brent crude rises above $106 a barrel for first time since September 29

Brent crude oil futures for December 2026 delivery rose above $106 a barrel on the ICE exchange in London.

It was the first time the price had crossed that level since September 29, 2026.

Brent reached $106.02 a barrel, up 1.24%, then eased to $105.88, up 1.11%.

These are futures prices, which relate to oil scheduled for delivery in the future.

WTI crude futures for November 2026 delivery also rose, gaining 1.16% to $92.92 a barrel.

The price movements show that both major oil benchmarks were higher at the time of the trading update.

Sources

TASS · 2 hrs ago