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Brent crude futures rise to exceed $109 per barrel.

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16/10/2026 | 08:56 PM

Global energy markets continued their sharp rise today, Friday, as Brent crude futures recorded notable increases exceeding three dollars per barrel, jumping above the 109 dollar mark amid escalating concerns about global supply security.

US crude oil contracts also surged, surpassing the 100 dollar per barrel threshold, reaching new record levels as global market fears intensify regarding the safety and stability of energy supplies coming from the Middle East.

 This rapid rise was driven by worsening geopolitical risks in the Middle East, along with ongoing threats facing shipping and oil tankers in vital maritime corridors, which heightened investor concerns about potential disruptions to major supply lines and tightening supply in international markets in the upcoming phase.