The price of futures contract for Brent crude oil with May delivery on London’s ICE increased by 7.1% to $53.5 per barrel this morning.
The price of the April WTI oil futures contract rose by 7.5% and reached $48.4 per barrel, TASS reported.
On February 28, the price of Brent oil fell below $49 per barrel, to a minimum since July 2017. WTI futures price was less than $45 per barrel, this is the minimum value since January 2019.
Oil prices reacted negatively to news about the growing number of people infected with coronavirus.
Oil prices rebound sharply
6100 views
