Brent oil rises above $110 for first time since May 5

Brent crude futures rose above $110 a barrel for the first time since May 5 on the ICE exchange in London.

As of 0200 Baku time, Brent for June delivery was up 1.91% at $111.35 a barrel.

By 0220 Baku time, gains had eased, with Brent trading at $110.40 a barrel, up 1.04%.