DID Press: Global oil prices resumed their upward trajectory, with Brent crude surpassing the $104-per-barrel mark for the first time since 13 April this year, amid continued volatility in energy markets and renewed concerns over global supply stability.
According to trading data from the ICE Futures Exchange in London, Brent crude futures for June 2026 delivery rose by 1.81% in early trading, reaching $103.75 per barrel before briefly crossing $104.
However, momentum eased later in the session, and by 00:23 GMT, Brent settled at $103.07 per barrel, reflecting a 1.14% increase overall.
The latest price surge comes as global energy markets remain sensitive to fluctuations in supply and demand, as well as fears of potential disruptions in export flows from key producing regions.
Meanwhile, West Texas Intermediate (WTI) crude also recorded gains, climbing above $94 per barrel during trading.