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Brent approaching USD 100/bbl
Developing
In Short: Brent crude is nearing the USD 100/bbl threshold, with prices trading around USD 99/bbl and extending gains from the previous day.
In commodities, Brent crude is nearing the USD 100/bbl threshold, trading around USD 99/bbl this morning and extending yesterday's gains, according to [new FXStreet].
On Monday, Brent oil futures, the global benchmark, rose to hover around $97 a barrel, marking a 9 percent increase over the last five days and a 19 percent rise over the last month, as reported by [new Al Jazeera].
Monday’s market moves are approaching the highest point since July 24th, when prices topped $97.93, as noted by [new Al Jazeera].
What's still developing
- Nothing material beyond the confirmed record.
Sources
- Al Jazeeralink