Brent Crude Rises Above $106 for First Time Since September 17
Brent oil prices climbed toward the $106 mark on the ICE exchange, Russian state media reported, marking a fresh high since mid-September.
The price of Brent crude oil rose above $106 per barrel on the ICE exchange on Thursday, marking the first time it has reached that level since September 17, according to a report from TASS.
A specific reading cited in the report showed Brent trading at $105.02 per barrel as of 11:08 a.m. Moscow time, up 1.88% on the day, with the price continuing to climb during the session toward the $106 level.
The increase adds to a broader upward trend in oil prices in recent sessions, as markets weigh a range of geopolitical and supply-related factors affecting global crude markets.
TASS did not provide additional detail on the specific drivers behind the day's price movement beyond the reported figures.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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