On Monday, Brent Crude momentarily surged past $86 per barrel, marking its highest point since November, before retreating slightly. This uptick came amidst intensified attacks by Ukraine on Russian energy infrastructure. Brent crude oil futures for May delivery rose by 51 cents to reach $85.85 per barrel at 1333 GMT. Meanwhile, the April contract for U.S. West Texas Intermediate (WTI) crude increased by 62 cents to $81.66, albeit in sluggish trading due to the contract’s impending expiry. The more actively traded May delivery contract saw a 60-cent rise to $81.18.
