According to data from Oilprice.com on October 22, the price of Brent crude reached $110.50 per barrel, rising by $1.68 or 1.54%.

The price of WTI crude also went up by 1.30%, standing at $98.41 per barrel, as reported by Kazinform.

Conversely, Urals crude dropped by $0.84 or 0.80%, falling to $104.76 per barrel.

The intensifying conflict in the Persian Gulf region continues to elevate risks related to oil supplies.