Brent price surpasses $113 per barrel for the first time since May 5

Al-Taj News – Oil prices rose during today’s trading, with Brent crude futures surpassing the $113 per barrel level for the first time since May 5, according to trading data.

By 21:00 Moscow time, Brent crude futures for next December delivery rose by 3.93%, recording $113.10 per barrel.

US West Texas Intermediate crude futures for December delivery also rose by 2.42%, reaching $99.50 per barrel, according to trading data.

This rise reflects oil price movements in global markets, amid investors following geopolitical developments and factors affecting crude supplies and global demand levels.

Markets are anticipating the continued movement of prices during the upcoming sessions, in light of the oil market’s sensitivity to changes in supplies and global consumption expectations.