economy
March 9, 2026
Brent crude price rises by 19% oil on London ICE Exchange
The price reached $111.40 per barrel as of 1:15 a.m. Moscow time
TL;DR
- Brent crude oil for May 2026 delivery saw a price increase of almost 20% on the ICE Exchange.
- The oil price surpassed $111 per barrel for the first time since July 5, 2022.
- Trading data indicated a price of $111.40 per barrel at one point.
- The price growth later slowed, with oil trading at $108.23 per barrel.
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