MOSCOW, October 23. /TASS/. The price of futures contracts of Brent crude oil for December 2026 delivery on London’s ICE has risen above $114 per barrel for the first time since May 5, 2026, according to trade data.

As of 4:52 a.m. Moscow time (1:52 a.m. GMT), the Brent price was up by 0.78% at $114.05 a barrel.

By 5:01 a.m. Moscow time (2:01 a.m. GMT), the price of Brent had extended gains to 1.37% reaching $114.72 per barrel. Meanwhile the price of futures contracts of WTI crude oil for November 2026 delivery was up by 3.93% at $100.97 per barrel.