Russia

Price of Brent oil up above $91 per barrel on London’s ICE first since June 11

TASS English · 2026-07-20

AI SUMMARY

• What happened: The price of Brent crude oil rose above $91 per barrel on London’s ICE for the first time since June 11, 2026, reaching $91.42 per barrel, a 3.77% increase. • Why it matters: This increase in oil prices may impact global markets and economies, influencing inflation and energy costs worldwide. • What to watch next: Monitor further fluctuations in oil prices and any geopolitical developments that could affect supply and demand dynamics in the oil market.

Price of Brent oil up above $91 per barrel on London’s ICE first since June 11 By 01:30 a.m. Moscow time, the price of Brent was up by 3.77% at $91.42 per barrelMOSCOW, July 20. /TASS/. The price of futures contracts of Brent crude oil for September 2026 delivery on London’s ICE has risen above $91 per barrel for the first time since June 11, 2026, according to trade data. As of 1:27 a.m. Moscow time (10:27 p.m. GMT on the previous day), the Brent price was up by 3.54% at $91.22 a barrel. By 01:30 a.m. Moscow time (10:30 p.m. GMT on the previous day), the price of Brent had extended gains to 3.77%, reaching $91.42 per barrel, the highest level for Monday morning. As of 7:00 a.m. Moscow time (4:00 a.m. GMT), the price of Brent was up by 2.45% at $90.26 per barrel. Meanwhile the price of futures contracts of WTI crude oil for August 2026 delivery was up by 2.27% at $83.64 per barrel. 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Source: TASS English
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