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Brent reaches highest level since May as energy prices rise

Brent reaches highest level since May as energy prices rise
— Photo: Anadolu Agency

Brent futures climbed above $110 a barrel, reaching their highest level since mid-May. EU gas and heating oil prices also rose.

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Energy prices rose later in the week after starting Monday lower, Anadolu Agency reported.

Brent futures topped $110 per barrel, up 0.2% as of 18:00 GMT, while West Texas Intermediate (WTI) crude traded at $103.5, up 2%.

Brent reached its highest price since mid-May.

European Union gas prices increased 1% to €88.5 per megawatt-hour.

Heating oil rose 0.1% to $4.9 per gallon.

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