Brent price exceeded $88 per barrel for the first time in almost six months – Kommersant
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The price of Brent oil on the London ICE exchange rose by 0.26% to $88.04 per barrel. Brent exceeded $88 per barrel for the first time since October 30, 2023, as follows from trading data.
As of 9:19 Moscow time, Brent growth slowed to 0.18% and was trading at $87.97. The price of WTI crude oil for delivery rises 0.31% to $84.25 per barrel.
In mid-March, the price of Brent oil, after a four-month break, settled above $85 per barrel. The price of Russian Urals reached $73 per barrel. Prices began to rise due to an imbalance of supply and demand, including against the backdrop of ongoing Houthi attacks on merchant ships in the Red Sea, which began against the backdrop of the war between Israel and Hamas.
Details – in the material “Kommersant” “Petrodollars were delayed on the way”.
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