Brent crude oil futures climbed above $98 a barrel in London trading for the first time since June 8th, according to trading data. As of 10:45 Moscow time, Brent increased by 4.33% to $98.14 per barrel. Shortly after, at 10:50 Moscow time, Brent was trading at $98.22 a barrel, a 4.41% increase. The surge indicates a strengthening in the oil market, potentially influenced by various global economic and geopolitical factors. This price level hasn’t been seen in over two months, signaling a significant shift in market dynamics. The information originates from Hespress, a Moroccan online newspaper. Further details regarding the reasons behind this increase have not yet been provided in this report.