The Story
News Summary
- The European Central Bank raised its benchmark interest rate by 25 basis points to 2.50% to combat inflation driven by oil surging above $100 per barrel amid Middle East conflict.
- Despite higher borrowing costs, the bank noted resilient economic activity alongside lingering geopolitical uncertainty.
Explore BRENT price history & advisor snapshot
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Stored market data
BRENT price history
104.61
+64.07% over the displayed period
Advisor Snapshot
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