Price of Brent oil rises to $87.25 per barrel

Oil prices have risen in anticipation of a meeting of the OPEC+ ministerial monitoring committee, which will take place this week, Report informs via Interfax.

June Brent futures rose in price on the London ICE Futures exchange by $0.25 (0.3%) to $87.25 per barrel.

May futures for WTI rose in price on the New York Mercantile Exchange NYMEX by $0.28 (0.3%) to $83.44 per barrel.

NYMEX and ICE Futures were closed on March 29 for Good Friday.

In March, Brent and WTI rose in price by 4.6% and 6.3%, respectively. The rise was recorded for the third month in a row. In the first quarter, prices increased by 13.6% and 16.1%, respectively.