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Reuters Angus Mordant
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Today, Monday, the price of “Brent” oil broke above $ 60 per barrel for the first time since January of last year.
The value of Brent futures for April rose 0.77% to $ 60.01 a barrel, and West Texas Intermediate crude futures for March rose 1.18% to 57.53 $ per barrel.
The rise in oil prices is due to optimism that the demand for crude oil in the oil market will recover, following the expansion of vaccination campaigns against the Corona virus, around the world, which may lead to a decrease in “Covid-19” infection rates, and the lifting of quarantine restrictions, and therefore the return of oil demand to pre-epidemic levels.
Source: Novosti
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