London: During trading operations on the ICE London Intercontinental Exchange, the price of the May 2026 contract for Brent crude oil increased by 10.59% to $118.75 per barrel.

According to Azeri-Press News Agency, the price of WTI crude oil for delivery in May 2026 on the New York Mercantile Exchange (NYMEX) also rose by 3.12% to $98.44 per barrel.

Earlier, during trading operations on the ICE London Intercontinental Exchange, the price of the May 2026 contract for Brent crude oil had increased by 4.51% to $112.22 per barrel. On the NYMEX, the price of WTI crude oil for delivery in April 2026 also rose by 1.04% to $97.32 per barrel.