Brent oil price for the first time since January 2020 exceeded $ 63 – Rossiyskaya Gazeta


The April futures price rose 1.31% and peaked at $ 63.27 per barrel. This is evidenced by data from trading on the London ICE exchange.

Prior to that, the price of Brent exceeded $ 63 more than a year ago. The price of a barrel of oil continues to rise since the beginning of 2021, writes TASS.

Earlier, Deputy Prime Minister Alexander Novak gave a forecast for oil prices this year. According to him, the oil market has recovered only partially after the coronavirus crisis. By the end of 2020, the drop in demand compared to 2019 was eight to nine percent. But at the peak, in April and May, it was 20-25%. The recovery was helped by restrictive measures taken by governments in many countries to prevent the proliferation of COVID-19, Novak said.


Source: Российская Газета by rg.ru.

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