Sharp surge in oil prices: price per barrel reaches 114 dollars
[50164] Sharp surge in oil prices: price per barrel reaches 114 dollars
Extensive reports on social networks about a sharp rise in global oil prices, with the price of a barrel of crude oil crossing the 114-dollar mark.
Sharp surge in oil prices: price per barrel reaches 114 dollars
During the evening hours of May 4, 2026, a significant and rapid increase in crude oil prices was reported, as the price per barrel soared to 114 dollars. The reports began to be published simultaneously on several news channels on Telegram, indicating a concerning economic trend in the markets.
Journalist Amit Segal reported on Telegram that "the price of oil is rising in recent hours, reaching 114 dollars per barrel". The report was verified by additional channels, including News Line, which also noted the rise to this price threshold.
On the channel 🚫 Israel News Without Censorship 🚫, they defined the fluctuations in the market as an increase "in a crazy way", an expression reflecting the public alertness surrounding the sudden price hike. Channels such as 🔅 Political Arena ‼️ and Real-time News on Telegram also joined in reporting the surge, emphasizing the rapid update of the price to 114 dollars.
As of this hour, no official data on the direct causes for the price surge have been published, but the rapid increase is marked as a significant economic event being monitored by news sources in Israel.