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Oil prices rise, Brent surpasses $89

Brent is priced above $89, while WTI sees an increase.

11 August 2026Tagblick Newsdesk

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Archive photo: Oil prices rise, Brent surpasses $89 — Archive photoPhoto: Sailko · Wikimedia Commons · CC BY 3.0

Oil prices continue to climb, with Brent currently trading above $89 per barrel. According to ANSA, Brent reached $83.92 with a rise of 0.44%.

Meanwhile, WTI is priced at $78.41, up 0.29%, and closed at $82.70 in New York, gaining over 5%. Uncertainties regarding the reopening of the Strait of Hormuz have been cited as a factor influencing the market.

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