The cost of a futures contract for Brent crude oil for delivery in April 2022 rose by 1.8% to $91.08 per barrel. This is on Thursday, February 3, according to trading data on the London Stock Exchange ICE.
As of 21:53 Moscow time, the cost of Brent rose by 1.82%, trading at $91.1 per barrel. The last time Brent exceeded $91 per barrel was in October 2014.
At the same time, the price of March futures for WTI rose by 2.01% to $90.03.
Earlier, on January 28, an increase in the cost of Brent oil by 1.63%, to $89.61 per barrel, was recorded. At 17:04 Moscow time, Brent was trading at $90.01 per barrel (+2.09%).
On January 26, contracts for delivery in March for Brent oil traded above $90 per barrel. On January 18, the price of Brent oil exceeded $87 per barrel on the London Stock Exchange.
Experts interviewed told Izvestia that the price of a futures contract for Brent crude oil is growing due to the fact that the market is nervous about possible disruptions in oil supplies after the Yemeni Houthis hit Abu Dhabi.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
