On Monday, Brent crude reached around $85 per barrel set for delivery in September from the North Sea.
The unstable shift of prices is affected by the world’s ongoing events, including the US and the middle east. In addition to the unexpected slow economic growth of top-consumer, China.
Brent crude oil is a major benchmark price for worldwild oil purchases. The other two prominent benchmarks are West Texas Intermediate (WTI) and Dubai/Oman.
