For the first time since August 30, 2022, the price of Brent oil on ICE exceeded $102

The price of Brent crude oil for delivery in May 2026 on the London ICE exchange exceeded $102 per barrel for the first time since August 30, 2022, according to trading data.

As of 01:00 Moscow time, the price of oil increased by 9.46% and reached $102.15 per barrel. By 01:07 Moscow time, growth accelerated, and the price of oil amounted to $102.66 (+10%), TASS reports.

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According to the ICE exchange, on March 6, the price of Brent crude oil reached $90 per barrel for the first time since April 19, 2024. At 16:47 Moscow time, the price showed an increase of 5.37%, and by 16:51 Moscow time it increased to $90.19, showing an increase of 5.6%.

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