Brent crude oil price exceeds $119 per barrel for first time since June 17, 2022 The price of Brent crude #oil for May 2026 delivery exceeded $119 per barrel on London's ICE Exchange for the first time since June 17, 2022, according to trading data. As of 2:30 a.m. GMT, oil was trading at $119.36 per barrel (up 28.77%). By 2:35 a.m. GMT, the price of oil was at $117.8 per barrel (up 27.09%). Meanwhile, #Gas price in Europe surpasses $800 per 1,000 cubic meters first since January 2023. The price growth since the beginning of the day has exceeded 27%.