Brent oil reaches $119 per barrel for first time in 10 years

Brent oil reaches $119 per barrel for first time in 10 years

The price of a futures contract for Brent crude oil with May delivery on London’s ICE increased by 5.64% to $119.3 per barrel.

As of 10:40 Moscow time, the price of Brent exceeded $119 per barrel and grew to $119.15 per barrel (+5.51%).

The last time Brent exceeded $119 per barrel was in May 2012.

The price of futures contract for WTI crude oil at 11:07 Moscow time grew by 4.28% to $115.32 per barrel.

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