[Regnum] The price of Brent crude oil on London's ICE Exchange exceeded $115 per barrel for the first time since March 30, according to trading data from April 29.
As of 11:05 AM Moscow time, the price of North Sea fuel rose by 2.64%, reaching $114.2 per barrel. Prices then accelerated, and by 11:10 AM Moscow time, Brent was selling for $114.34 (up 2.77%), and by 11:38 AM Moscow time, Brent had risen to $115.31 (up 3.64%), according to market data.
American crude oil WTI demonstrated similar dynamics. By 11:10 AM Moscow time, WTI futures had risen to $102.69 (+2.76%), and by 11:38 AM Moscow time, they had accelerated to $103.75 (+3.82%).
On March 19, amid escalating tensions in the Middle East and shipping restrictions in the Strait of Hormuz, the price of natural gas on the London Stock Exchange exceeded $850 per 1,000 cubic meters for the first time since December 2022. That same day, Brent crude oil rose to $111 per barrel. On March 30, the price of oil reached $115 per barrel. A day later, on April 1, Brent prices fell below the psychologically significant mark of $100 per barrel.
On April 8, following the announcement of a two-week US-Iranian ceasefire, global oil prices fell by another 12.6% and settled at $92.
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