Brent Crude Surges Past $109 a Barrel in ICE Trading Rally
Benchmark oil price jumped more than 3% during Tuesday trading, according to data reported by Russian news agency TASS.
Brent crude oil prices rose sharply during trading on the Intercontinental Exchange (ICE), climbing above $109 per barrel, according to a report by Russian state news agency TASS.
TASS reported that by 8:19 p.m. Moscow time, Brent crude was trading at $109.25 per barrel, marking an increase of 3.38% on the day.
The report did not specify the underlying cause of the price movement. TASS cited ICE trading data as the source of the figures.
Brent crude serves as one of the primary global benchmarks for oil pricing, and fluctuations in its price are closely watched by energy markets, producers and consumers worldwide.
Sources
- Brent crude surges past $109 a barrel in ICE trading rally — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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