Brent crude oil tops $112/barrel

Brent crude exceeds $112/barrel, WTI above $101; Goldman Sachs predicts $120.

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Tuesday, 28 April 2026 at 20:40 UTC

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The price of Brent crude oil has exceeded $112 per barrel, while West Texas Intermediate (WTI) in the U.S. has surpassed $101 per barrel, according to trading data. Investment bank Goldman Sachs previously forecast that Brent could rise to $120 per barrel. The surge is driven by ongoing disruptions from the US-Iran war, adding to inflationary pressures globally.

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