Oil Prices: Brent Crude Climbs Back Above $80 a Barrel

Oil Prices: Brent Crude Climbs Back Above $80 a Barrel

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08/05/2026 - 14:02

Global oil prices edged slightly higher on Wednesday, rebounding from a 10 percent slump earlier in the week, as markets closely monitor ongoing geopolitical developments in the Middle East.

In early morning trading, Brent crude futures for October delivery rose by 1.34 percent, reaching $80.42 a barrel.

Meanwhile, its U.S. counterpart, West Texas Intermediate (WTI) crude for September delivery, climbed by 0.70 percent to trade at $76.30 per barrel.

Source
Algerian Radio Multimedia