Baku 16° C
Brent crude tops $117 amid surge, highest since June 2022
Energy
- 09 March, 2026
- 09:26
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, Report informs, citing trading data.
As of 8:12 am Baku time (GMT+4), the price of oil rose by 23.21% to reach $115.33.
As of 8:16 am, the price increase accelerated and exceeded $117 per barrel for the first time since June 17, 2022, rising to $117.16 (an increase of 26.4%).
As of 8:20 AM, a barrel of oil was being sold at $118.73 (an increase of 28.09%).
As of 08:25 AM Baku time, the price stood at $116.36 per barrel (+25.54%).
Latest News
16:07
Opening ceremony of Antalya Diplomacy Forum commences; President Ilham Aliyev attends the event
Foreign policy16:06
Photo
CIS Foreign Ministers Council discusses new steps in integration
Foreign policy15:55
Azerbaijan, EU to continue talks on cooperation development in June
Foreign policy15:53
Nakhchivan bank deposits jump 45.4% year on year
Finance15:50
Hipper: EU ready to expand support for demining in Azerbaijan - EXCLUSIVE
Foreign policy15:45
Envoy expects US-Türkiye to 'soon' solve issue of sanctions over S-400
Other countries15:40
Kyiv says Russia preparing frequent large-scale attacks
Other countries15:40
Khatibzadeh on talks with US: Diplomacy-war vicious circle must be broken
Other countries15:36