The key facts

  • Brent topped $110 per barrel (+0.2% as of 18:00 GMT) — highest since mid-May
  • WTI rose 2% to $103.5 per barrel
  • Gas in the EU rose 1% to €88.5 per MWh, heating oil — 0.1% to $4.9 per gallon

Oil reverses upward after morning decline

Energy prices, which began Monday's trading day with a decline, later turned to growth. As of 18:00 GMT, Brent crude futures topped $110 per barrel, gaining 0.2%. The Brent price reached its highest level since mid-May.

WTI, gas and heating oil also rise in price

WTI crude traded at $103.5 per barrel, up 2%. Gas prices in the EU increased by 1% — to €88.5 per megawatt-hour. Heating oil rose 0.1% to $4.9 per gallon.