Oil price exceeds 112.50 dollars per barrel

Wednesday, 29 April 2026RSS
Oil price exceeds 112.50 dollars per barrel
Photo: RONALD WITTEK/EPA

At 8:30 (Lisbon time), the price of Brent crude rose 1.11% on the London futures market, reaching 112.51 dollars per barrel, marking its eighth consecutive session of gains.

Context & Explainers

Inflation measures how much general prices rise over time, usually reported year‑on‑year to compare a month with the same month a year earlier. Portugal’s National Institute of Statistics (INE) estimated January inflation at 1.9% year‑on‑year, down 0.3 percentage points from December, which affects rents, wages and everyday purchasing power for residents.

View full article on observador.pt

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