The price for May 2022 futures contracts for Brent oil increased 5.83% on London’s ICE, to $111.09 per barrel as of 05:46 Moscow time on Wednesday.
As of 05:52 Moscow time, the growth slowed down to 5.77%, to $111.03 per barrel.
The last time Brent crude price exceeded $111 per barrel in July 2014.
WTI futures grew by 5.68%, to $109.28 per barrel.
