Brent oil price rises above $ 63 per barrel for the first time since January 2020

MOSCOW, February 15 – RIA Novosti. The price of Brent crude oil rose above $ 63 per barrel for the first time since January 22, 2020, according to trading data.

As of 02.09 Moscow time, the price of April futures for the North Sea oil mixture of Brent rose by 0.83% – up to $ 63.18 per barrel, March futures for WTI – by 1.27%, up to $ 60.47 per barrel.

The rise in oil prices, in particular, is associated with the OPEC + agreements that entered into force in February: some countries will additionally reduce production by about 1.425 million barrels of oil per day, of which Saudi Arabia accounts for a million.

In addition, in general, concerns about the state of the global economy are weakening. This is due to a decrease in the rate of infection with coronavirus and the start of vaccinations. Situation with exchange rates and oil prices.

Author: wedocount

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