Brent rises to $119 for the first time since February 2013

Brent oil prices exceeded $119 per barrel for the first time since February 13, 2013, Report informs referring to the auction data.

09:19

The price of May futures for Brent crude oil on the London ICE exchange has increased by 3.30% and reached $116.66 per barrel, Report informs referring to the data of the trading platform as of 6:54 a.m. (GMT+4).

The last time Brent reached $116 per barrel was in August 2013.

The cost of a futures contract for WTI crude oil for delivery in April 2022 rose by 2.44% to $113.30 per barrel, according to trading data as of 7:03 a.m. (GMT+4).