Macro2:34 PM ET

Brent futures hit $110 a barrel, first time since May 20

By BORSA NewsroomPublished Oct 16, 2026, 2:34 PM EDTUpdated Oct 16, 2026, 2:36 PM EDT

Brent crude futures rose to $110 per barrel, the highest level since May 20. The move extends gains driven by Middle East supply concerns and a Russian refinery outage.

Sentimentbearish 30

Bearish · 30 of 100

Impact70

medium · sector-wide

Confidence70%

moderate confidence · single wire

Eventdeveloping

v1 · alerted as breaking

WHAT WE KNOW

Brent futures reached $110 per barrel