Brent crude reached $117.45 a barrel during Friday trading, its first move above $117 since April, and settled at $116.72, BlockBeats reported on October 24. The report put its gain for the month at more than 10%.
Renewed conflict risk in focus
The report linked the oil rally to concern that U.S.-Iran hostilities could escalate again. It also reported the U.S. five-year breakeven inflation rate rising to 2.47% and the 10-year Treasury yield reaching 4.99%.
Source: BlockBeats, 2026-10-24 05:17:34 UTC.