Oil Price Reaches $110 Per Barrel for First Time Since May

• Oil sold for $110.10 per barrel as of October 19, 2026, using Brent as the benchmark.
• This is the first time oil has reached $110 per barrel since May 2026.
• The price of oil is 27 cents lower than yesterday and has risen by approximately $49 over the past year.
• Oil prices have been impacted by persistent shocks from the U.S.-Iran and Russia-Ukraine conflicts.
• The price of Brent crude oil reached $110 during Friday trading, less than three months after the last peak in May.