{"id":120078,"date":"2026-05-11T11:54:43","date_gmt":"2026-05-11T15:54:43","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=120078"},"modified":"2026-05-11T11:54:43","modified_gmt":"2026-05-11T15:54:43","slug":"brent-crude-oil-climbs-above-104-usd-per-barrel-as-global-energy-prices-continue-rally","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/brent-crude-oil-climbs-above-104-usd-per-barrel-as-global-energy-prices-continue-rally\/120078\/","title":{"rendered":"Brent crude oil climbs above 104 USD per barrel as global energy prices continue rally"},"content":{"rendered":"
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Global oil prices continued their sharp upward momentum on Monday as Brent crude surged above the key 104 USD per barrel level, extending gains amid growing geopolitical tensions and supply concerns.<\/p>\n

The latest rally pushed energy markets back into focus as traders reacted to fears surrounding global oil flows, inflation pressures and uncertainty in the Middle East.<\/p>\n

Brent crude price crosses 104 USD amid rising oil rally<\/h2>\n

Brent Crude<\/span><\/span> moved above 104 USD per barrel after continuing its recent climb in international markets.<\/p>\n

The breakout above the psychological 104 USD level signalled strong bullish momentum in the oil market as investors increased bets on tighter global supply conditions.<\/p>\n

Oil prices have been rising steadily in recent sessions as concerns around shipping disruptions and geopolitical instability continue to grow.<\/p>\n

Markets are particularly focused on tensions linked to Iran and the Strait of Hormuz, one of the world\u2019s most critical oil transportation routes.<\/p>\n

Why are oil prices rising today<\/h2>\n

One of the biggest drivers behind the latest oil rally is renewed uncertainty in the Middle East.<\/p>\n

Investors fear that worsening geopolitical tensions could disrupt global crude supply and increase transportation risks for oil shipments.<\/p>\n

Higher oil prices are also being supported by expectations of stronger energy demand and limited spare production capacity in key producing regions.<\/p>\n

At the same time, traders are watching global inflation trends closely because rising crude prices often increase fuel and transportation costs worldwide.<\/p>\n

Rising crude oil prices increase inflation concerns<\/h2>\n

The surge in Brent crude above 104 USD per barrel has renewed concerns about inflation and interest rates across global markets.<\/p>\n

Higher energy prices can impact petrol, diesel, aviation fuel and manufacturing costs, which may eventually pressure consumer prices globally.<\/p>\n

Analysts believe central banks may become more cautious about cutting interest rates if oil prices continue rising sharply.<\/p>\n

With Brent crude now trading above 104 USD per barrel, energy traders are closely monitoring whether the rally can extend further in the coming sessions.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Global oil prices continued their sharp upward momentum on Monday as Brent crude surged above the key 104 USD per\u2026<\/p>\n","protected":false},"author":294,"featured_media":120081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[35422,12828,36348,35423,33979],"class_list":["post-120078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-brent","tag-brent-crude","tag-brent-crude-oil","tag-crude","tag-top-stories"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/120078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/294"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=120078"}],"version-history":[{"count":1,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/120078\/revisions"}],"predecessor-version":[{"id":120082,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/120078\/revisions\/120082"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/120081"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=120078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=120078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=120078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}