JUST IN: Brent Crude Oil surges 5% to $108, highest level since May.


Brent Crude Oil serves as the primary reference price for roughly two-thirds of the world's internationally traded crude oil supplies.
Brent crude oil prices have risen above $100 per barrel and this level has not been reached since July
Brent Crude Oil took a 10% hit after the US and Iran decided to stop their strikes. Chart shows the price sitting near 85.778.