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Brent crude hits $107.63 as ECB hikes rates

By Markets Desk · 2026-09-11 · Updated 2026-09-11 00:43 UTC
A silhouette of a large oil tanker ship on a calm horizon
Illustration: Tradingbird

Brent crude has surged to $107.63 as the European Central Bank hiked its key rate to 2.5%, a move aimed at curbing the persistent energy-fueled inflation shock in the region.

  • Additional reporting via GN auto markets/bonds: interest rates confirms the central bank moved to tighten policy specifically to counter inflation driven by soaring energy costs.

    Source: GN auto markets/bonds: interest rates

  • European Central Bank raises key rate to 2.5% amid energy shock

    Source: GN markets/policy (en-US)
Based on reporting by GN markets/policy (en-US) and GN auto markets/bonds: interest rates, compiled by the Tradingbird desk.

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