Brent Oil Price has reached new peak since May

Brent Oil Price has reached new peak since May

Brent oil for delivery in December rose by 4%, reaching $131.17, its highest level since May, due to information about ship attacks in the Persian Gulf.

© Reuters


22/10/2026
by

Lusa

A brent oil barrel quote for delivery in December ended today in the London futures market at 4% high, for the $13.17, at its highest level since May.

 

The North Sea crud, a reference in Europe, closed the session to rate $4.35 above the 108.82 with which it closed the transactions on Wednesday.

The rise in the quotation was attributed to the information given by the Revolutionary Guard of having attacked four ships which, in its opinion, were making illegal oil spills in the Persian Gulf.

The Iranian organization added that three other vessels had hatched with mines, crossing the Strait of Ormuz.

European stock exchanges are falling with oil rising by 3%

The European stock exchanges dropped significantly, with EuroStoxx 600 falling by 0.74%, while oil rose by 3% and Asian technology suffered losses.

Lusa 14:34-22/10/2026

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