49
The price of Brent crude oil has surpassed $80 per barrel for the first time since October 2024. Experts attribute this increase to global supply shortages and volatility in the energy markets.
According to recent data, the price of Brent crude rose by 1.8%, reaching $80.10. Similarly, the price of West Texas Intermediate (WTI), the U.S. benchmark, climbed to nearly $75.50.
This surge in energy prices is linked to rising demand as winter approaches and ongoing geopolitical risks. Analysts predict that prices will continue to fluctuate in the short term.
The development is being closely monitored by players in the energy sector and consumers alike. The rise in Brent crude prices could impact global energy costs and inflation expectations.