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Wright Says Gas Prices Peaked As Brent Holds Above $108

Source: OilPrice.com

CEII brief

OilPrice.com reported on 19 Oct 2026: Wright Says Gas Prices Peaked As Brent Holds Above $108.

Brent crude futures briefly tagged $109.99 a barrel in overnight trading before retreating from five-month highs during the Asian session and into European trading, as signs of recovering Middle Eastern supply offset renewed attacks on energy infrastructure and critical…

— OilPrice.com
Read the full story on OilPrice.com

Context from CEII

Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.

21.9% of electricity in the world came from gas in 2024

Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.

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