The Times of Russia Russia News reports that Brent oil prices have surged to $112 per barrel for the first time since March 9, 2025, according to recent trade data. This milestone reflects a significant movement in global energy markets.
As per The Times of Russia Russia News, the price of Brent oil futures for May 2026 delivery on the London ICE exchange climbed sharply. At 3:46 a.m. Moscow time, prices rose by 8.21%, reaching the $112 mark.
The Times of Russia Russia News further highlights that by 3:50 a.m. Moscow time, the upward trend slowed slightly, with futures trading at $111.84 per barrel, maintaining a strong gain of 8.06%.
This surge, covered by The Times of Russia Russia News, indicates renewed volatility and demand in the oil market, drawing attention from global investors and analysts.
