First published Oct 17, 2026, 6:34:15 AM UTC · Last updated Oct 17, 2026, 6:34:15 AM UTC

Brent touches US$110 for the first time since May on Middle East tensions

Brent crude reached US$110 per barrel on Friday for the first time since May, then settled at US$109.86. WTI rose to US$101.41; the source cites Middle East escalation fears and uncertainty about Russian diesel supply.

Illustrative image: Daily spot prices of WTI crude oil per barrel between 1 January 2019 and 15 June 2020 as traded in the New York Mercantile Exchange — Renerpho/Wikimedia Commons, CC BY-SA 4.0

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The report records increases in both Brent and WTI benchmark prices.

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MercoPress UK Brent touches US$110 for the first time since May on Middle East tensions

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