Brent Crude Oil Prices man

Brent crude oil prices averaged USD 102.81 per barrel in April, up 3.4% from March. On 30 April, the commodity traded at USD 114.15 per barrel, down 3.5% from 31 March.

After rising over 40% in March—the sharpest rate since August 1990—Brent prices increased just over 3% in April, reaching their highest level since right after Russia’s invasion of Ukraine in 2022. A U.S.-Iran ceasefire helped cool prices in mid-April, but they hit nearly USD 120 per barrel later in the month, as peace negotiations stalled. In March, OPEC+ oil output fell 18% vs prewar levels, and it will have remained downbeat in April, with the U.S. blockading Iranian ports from 13 April.