Baku 22° C
Brent oil tops $98 per barrel amid Middle East tensions
Energy
- 12 March, 2026
- 10:53
Add Report.az to preferred Google sources
Stay up to date with the top news!
Oil prices surged again Thursday morning due to another escalation in the Middle East conflict.
According to Report, citing Interfax, as of 8:12 Baku time, May Brent futures on the London ICE Futures exchange rose by $6.09 (6.62%) to $98.07 per barrel. Earlier in the session, Brent briefly exceeded $100 per barrel. On Wednesday, Brent gained $4.18 (4.8%) to $91.98 per barrel.
April WTI futures on the New York NYMEX electronic trading platform rose $5.29 (6.06%) to $92.54 per barrel, after gaining $3.8 (4.6%) to $87.25 per barrel in the previous session.
Author
Latest News
14:23
OPEC cuts 2026 oil demand growth forecast to 400,000 bpd
Energy
14:12
Kyiv City Council member thanks Azerbaijan for energy support
Foreign policy
14:12
Cambodian prime minister visits Victory Park in Baku
Domestic policy
14:10
Photo
Official luncheon hosted on behalf of President Ilham Aliyev in honor of Cambodian Prime Minister
Domestic policy
13:59
Photo
President Ilham Aliyev holds expanded meeting with Prime Minister of Cambodia - UPDATED
Foreign policy
13:54
Dušan Kozarev: Belgrade, Baku to continue developing co-op even after Serbia's elections – EXCLUSIVE
Foreign policy
13:51
Azerbaijan and Albania discuss NATO cooperation and energy security
Foreign policy
13:32
Photo
Azerbaijan–Cambodia documents exchanged - UPDATED
Foreign policy
13:30
Azerbaijan's non-oil exports rise 20.5% to $3.2 billion
Business