The price of Brent oil exceeded $86 per barrel for the first time since April 17 – Kommersant
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The price of Brent oil on the London Stock Exchange ICE rose above $86 per barrel for the first time since April 17, 2023. As of 18:32 Moscow time, the price of October futures rose by 0.92% to $86.07 per barrel.
By 18:38 Moscow time, Brent was trading at $86.12 (+1.02%). September futures for crude oil WTI rose to $82.44 per barrel (+0.88%).
Since the beginning of the week, the price of Brent has increased by 1.5%, WTI – by 1.8%. The day before, both varieties have risen in price after the announcement of intention Saudi Arabia to extend voluntary cut in oil production by 1 million bpd. Russia also announced an extension of the reduction in exports by 300,000 bpd.
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