Oil prices rose, with Brent crude trading near a five-month high

Oil prices rose in Tuesday’s trading, with Brent crude trading near a five-month high as traders priced in a geopolitical risk premium following renewed tensions in the Middle East.

 

The most active benchmark crude futures touched $110.10 per barrel, after reaching $110.70 in the previous session, the highest level since May 20.

 

Oil prices are strongly supported, indicating that the market is factoring in a significant risk premium amid the volatile situation, Reuters reported, citing ING analysts.

 

Kpler, a vessel-tracking company, said reports indicated at least 18 vessels had been attacked in the Middle East over the past two weeks.

 

The American Petroleum Institute is due to release its US crude inventory report later on Tuesday, ahead of official data from the US Energy Information Administration on Wednesday.

 

Change in Oil Futures Prices

Crude

Price (USD/barrel)

Change (USD)

Change (%)

Brent (December futures)

109.89

+0.34

+0.30%

NYMEX (November futures)

103.99

+0.33

+0.30%

*As of 8:02 a.m. Makkah time.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Commodity Price

 
Gold
4,121.24
(17.50) (0.42%)
Silver
57.76
0.73 1.27%
PLATINUM
1,656.70
8.30 0.50%

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request