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Brent crude oil price exceeded $ 80 for the first time since November

At the high, the price was $ 80.02

The last time the price of Brent exceeded $ 80 per barrel on November 26. In general, oil has been gradually increasing in price since December 20.

The price of February futures for Brent crude rose above $ 80 per barrel. This is evidenced by data from trading on the London stock exchange ICE.

At the high of the day, a barrel of Brent rose to $ 80.02.

The last time the price of Brent exceeded $ 80 per barrel on November 26, 2021.

The cost of a WTI crude oil futures contract for February 2022 delivery increased by 0.7% to $ 76.51 per barrel.

In general, oil has been gradually increasing in price since December 20.

So investors reacted to the message that the commercial oil reserves in the United States over the past week decreased by 3.6 million (or 0.8%) – to 420 million barrels.

We add that oil quotations began to fall sharply at the end of November amid reports of the discovery in South Africa of a new COVID strain, Omicron.

As reported in Russia called the “comfortable” oil price… Despite the fact that the coronavirus pandemic continues, the demand for oil is still growing.

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