Brent Crude Hits $112 per Barrel for First Time Since March 30

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Oil prices are rising on April 28, according to data from the London-based ICE Futures exchange.

The price of the July Brent crude oil futures contract was up by 4.13%, reaching $112.7 per barrel, a level not seen since March 30, 2026.

Meanwhile, the June WTI crude oil futures contract increased by 5.69%, reaching $101.85 per barrel.