The price of Brent crude oil futures for delivery in July 2026 on the London ICE exchange rose above $120 per barrel for the first time since June 17, 2022, according to trading data.

At 10:32 p.m. Moscow time, Brent was up 7.88%, reaching $120.03 per barrel.

By 10:37 p.m., gains had eased slightly, with prices at $119.95 (+7.81%).

At the same time, WTI crude oil futures for June 2026 delivery rose by 8.15% to $108.07 per barrel.