Brent Crude Moves Above $116 With a 1.3% 24-Hour Gain
6 Articles
6 Articles
A rally is recorded in international energy markets on Wednesday (28/10), with Brent oil exceeding $116…
European stock indexes are mostly down today, the price of Brent oil has risen to more than $115 per barrel, while markets await the decision of the US.
In the course of trading operations on the ICE London intercontinental exchange, the value of the December 2026 contract for the export of Brent oil increased by 1.44% to $115.52 per barrel.
Citing Reuters, the price of Brent crude oil rose US$1.48 or 1.3% to US$115.36 per barrel.
The main European stock exchanges opened down, with Brent's barrel at $116, on the day the U.S. Federal Reserve (Fed) meeting begins, which will presumably keep the rates between 3.75% and 4%.
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