Brent Oil Rockets to $113.99 on April 29, Extending Two-Day Rally

Brent crude (WLDOIL) surged to $113.99 per barrel on April 29, 2026, up $4.03 (3.66%) from April 28's $109.96 level. This follows a 3.02% jump to $109.96 on April 28 from the prior morning, amid tightening supply-demand dynamics, geopolitics, and OPEC+ influences. Year-over-year, prices have rocketed 78.49% from $63.86, fueling concerns over rising gasoline costs, inflation, and shifts in natural gas demand, with the U.S. Strategic Petroleum Reserve as a key buffer.