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Brent Holds Above $116 and Rises 80% Over a Year

Brent recorded $116.25 per barrel, up $1.12 from the previous morning, 13% from last month, and over 80% from last year.

28 Oct 2026, 18:35 GMT
Brent Holds Above $116 and Rises 80% Over a Year

Brent crude settled above $116 per barrel, reaching $116.25 at 7:00 a.m. Eastern Time, an increase of $1.12 from the previous morning, according to Fortune.

This means Brent is 13.03% higher than its level a month ago at $102.84, and 80.14% higher than its level a year ago at $64.53.

Mehr News Agency reported that Brent surpassed $116 for the second time in October, reflecting continued pressure on oil prices.

Sustained high oil prices affect fuel, transportation, and goods costs, gradually impacting consumer and business bills.

What do these terms mean?

Brent crude: One of the main benchmark crude oils used for pricing oil in global markets.

Annual rate: The percentage change in price compared to the same period in the previous year.

Barrel: A unit of measurement for oil volume, equal to approximately 159 liters.

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