Brent Crude goes over $130 per barrel surpassing top 2012 mark

The price of Brent crude oil went over $130 per barrel in the early hours of Monday, surpassing the top 2012 mark of over $128.

Oil, Brent Crude, Oil Prices, Oil Companies
ANI
1 min read Last Updated : Mar 07 2022 | 7:12 AM IST

The price of Brent crude oil went over $130 per barrel in the early hours of Monday, surpassing the top 2012 mark of over $128.

As of 02:28 Moscow time on Monday (00:28 GMT), the price of May futures for Brent was trading up 9.35 percent, to $129.06 per barrel. At 02:06 the Brent price reached $130.3.

The price of April futures for WTI crude was going up around 9.68 percent in the early hours of Monday, to $126.12 per barrel.

On Thursday, WTI crude went over $115 per barrel for the first time since September 22, 2008. The price of Brent crude oil, in turn, went over $119 per barrel, for the first time since February 13, 2013.

The Brent price reached a historic maximum in 2008, when it stood at over $143 per barrel.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Brent crudeBrent crude oilRussia Ukraine Conflict

First Published: Mar 07 2022 | 7:12 AM IST

Next Story