Brent oil hits $55 per barrel

15:11, 08 January 2021
Brent oil hits $55 per barrel Photo: Ruaridh Stewart/ Look Press

Brent's March futures reached $ 55.02 per barrel on the ICE exchange in London for the first time since February 25, 2020.

According to the trading data at 14:12 Moscow time, the price of March futures for Brent rose by 1.18% to the level of the previous session's close. February futures for the North American WTI blend rose 0.92% to $51.3 a barrel.

World oil prices are supported by expectations for a recovery in demand and OPEC + production decisions, experts say. reported earlier that the OPEC+ countries, including Russia, had reachedan agreement on the terms of the deal for February and March 2021.