Energy prices soar as Brent hits highest level since May

By Gokhan Ergocun

ISTANBUL (AA) - Energy prices, after starting the week with declines on Monday, posted increases later.

Brent futures exceeded $110 per barrel, up 0.2% as of 1800GMT, while WTI prices were at $103.5, up 2%.

Brent oil prices reached their highest level since mid-May.

EU gas prices went up by 1% to €88.5 per megawatt-hour.

Heating oil prices were also up by 0.1% to $4.9 per gallon.

Gökhan Ergöçün