The price of Brent oil on ICE reached $92 per barrel for the first time since October 23
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The price of June futures for Brent oil on the London ICE exchange exceeded $92 per barrel for the first time since October 23, 2023. Futures for WTI crude oil for delivery in May also rose by 1.83%, to $87.2 per barrel.
According to trading data, at 16:41 Moscow time the price per barrel increased by 2.1% and amounted to $92.1. At 16:52 the price was $91.6.
According to forecasts by the Organization of the Petroleum Exporting Countries (OPEC), global oil demand will remain at 2.2 million barrels per day (b/d) in 2024, to 104.46 million b/d. According to their data, resource production by the countries of the organization in March remained at the level of February. As Kommersant learned, Russian oil companies increased sea exports to 3.8 million barrels per day in March, reaching the highest level since May 2023.
More details in the material “Oil rushed abroad”.
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