Brent Tops USD110, Hits Highest Since May as Energy Rebounds
Brent futures rose 0.2% as of 1800GMT to trade above $110 per barrel, the global benchmark’s highest level since mid-May. The advance was modest in percentage terms, but it lifted the contract to its strongest price in that span.
The US benchmark showed greater momentum. WTI gained 2% to reach $103.5 per barrel, outpacing Brent’s rise.
The upswing was not confined to oil. EU gas prices increased 1% to €88.5 per megawatt-hour, while heating oil edged up 0.1% to $4.9 per gallon, underscoring broad-based strength across the energy complex.
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