Oil Prices Rise on the Global Market
Amul Info ·
Escalating tensions in the Middle East have contributed to higher prices for some crude oil benchmarks. At the close of trading on 22 October 2026, Brent crude rose by 1.54% to $110.50 per barrel, while US WTI increased by 1.30% to $98.41.
Escalating tensions in the Middle East have led to an increase in the prices of some crude oil grades on the global market. The Kabar.kg news agency reported this, citing data from Oilprice.com.
At the close of trading on October 22, 2026, the price of Brent crude reached $110.50 per barrel. This was $1.68, or 1.54%, higher than the previous figure.
During the same period, US West Texas Intermediate (WTI) crude also became more expensive. Its price rose by 1.30% to $98.41 per barrel.
In contrast, the price of Urals crude declined. A barrel fell by $0.84, or 0.80%, to $104.76.
Global oil prices are influenced by geopolitical developments, supply-related risks and changes in international trade. Further developments in the Middle East could also affect price movements in the energy market.