Key Points
- 1. The barrel price of Brent oil rose to 92.15 dollars, the peak of the last 11 months.
- 2. WTI crude oil prices were traded at 85.24 dollars, with a 0.9 percent increase.
- 3. Price increases in the energy market have continued uninterrupted for the last 8 months.
By the Numbers
The barrel price of Brent oil continued its rise in energy markets, exceeding 92 dollars, the highest level in 11 months. Supply concerns and demand expectations in global markets were effective in the price increases.
According to the data, the barrel price of Brent oil rose by 0.68 percent to 92.15 dollars. The barrel price of WTI, the US crude oil, also gained 0.9 percent in value to reach 85.24 dollars.
After the 20-month downturn period, the markets left behind the 11-month peak in May when Brent oil tested the 91 dollar level. Analysts state that this upward trend in energy markets has continued uninterrupted for the last 8 months.
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Frequently Asked Questions
- Q: What is the current barrel price of Brent oil?
- A: The barrel price of Brent oil rose by 0.68 percent to 92.15 dollars.
- Q: What is the situation with WTI crude oil prices?
- A: The barrel price of WTI, the US benchmark oil, gained 0.9 percent in value to reach 85.24 dollars.
- Q: How long has the upward trend in oil prices been going on?
- A: The price increases and upward trend in the energy market have continued uninterrupted for the last 8 months.
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Read the full story at the sourcevz.ruHow we produce our content →This story across sources · 2 · 2 countries
- Jalopnik·
- Le Figaro·