Brent Crude Rises Above $88 a Barrel, Highest Since July 31

Dragon Media News Desk

Brent crude oil futures climbed above $88 per barrel on London’s ICE exchange, reaching that level for the first time since July 31, 2026.

According to trading data, Brent crude for October delivery rose 0.41 percent to $88.08 per barrel by 4:42 am Moscow time, or 1:42 am GMT.

Five minutes later, the pace of gains eased slightly, with Brent trading at $88.01 per barrel.

Meanwhile, West Texas Intermediate, or WTI, crude futures for September delivery increased 0.43 percent to $82.48 per barrel.

The latest movement indicates renewed upward pressure on global crude oil prices.