Brent Crude Oil Prices Rose Above $107 Per Barrel

For the first time since September 16.

On Monday, October 12, Brent crude oil prices rose above $107 per barrel for the first time in nearly a month. The price of December Brent futures on the London-based ICE Futures exchange rose 2.38% and peaked at $107.22 per barrel. This is according to trading data as of 4:50 p.m. Minsk time. The last time Brent traded above $107 per barrel was on September 16.

According to Trading Economics, oil prices continue to rise amid attacks on the airport in the Saudi Arabian capital, Riyadh. Iran-backed Yemeni Houthis attacked King Khalid International Airport in the Saudi Arabian capital on Saturday, killing 12 people and injuring more than 300. On October 11, the airport was struck again.

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