The price of a barrel of Brent crude oil for May 2026 on London's ICE exchange has exceeded $115 for the first time since June 29, 2022.
According to **Modern.az**, trade data indicates this.
According to data as of 8:12 Baku time, the price of oil reached $115.33, an increase of 23.21%.
According to data as of 8:16, the price increase accelerated, exceeding $117 per barrel for the first time since June 17, 2022, reaching $117.16 (an increase of 26.4%).
According to data as of 8:20, a barrel of oil was being sold for $118.73 (an increase of 28.09%).
According to data as of 08:25 Baku time, the price increase slowed, reaching $116.36 per barrel (+25.54%).
