Business · Energy & Commodities · 1 day ago
Global oil prices rise 2.5% to $113 a barrel
Global oil prices rose 2.5% to reach about $113 a barrel, according to trading data.
The figures cover futures contracts for two major crude oil benchmarks.
January Brent futures climbed 2.53% from their previous closing price to $113.60 a barrel.
December West Texas Intermediate futures rose 2.88% to $104.94 a barrel.
Brent and West Texas Intermediate are different types of crude oil, and their futures prices moved by different amounts.
Both benchmarks recorded gains, though the figures do not explain what caused them.
No further developments or next steps were stated.
Global oil prices rose 2.5% to $113 a barrel, according to trading data.
Brent crude futures for January delivery gained 2.53% from the previous close to $113.6 a barrel.
West Texas Intermediate futures for December delivery rose 2.88% to $104.94 a barrel.
- Who
- Global oil markets.
- What
- Oil prices rose 2.5% to $113 a barrel.
- When
- October 30, 2026, according to the article’s publication date.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Global oil price rise
- 2.5%
- Global oil price
- $113 a barrel
- Brent futures
- January delivery; up 2.53% to $113.6 a barrel
- West Texas Intermediate futures
- December delivery; up 2.88% to $104.94 a barrel