The price of Brent crude futures contracts for April delivery on the London ICE exchange exceeded $84 per barrel for the first time since November 30, 2023. This was reported by TASS.
The publication notes that according to ICE data, at 0:02 Moscow time, the price of brand oil increased by 1.46% to $ 84.8 per barrel.
As of 08:35 Moscow time, Brent was trading at $83.82 (-0.82%).
The price of American West Texas Intermediate oil also rose by 1.6%, and its cost reached $79.29 per barrel.
It was previously known that the Brent oil price would rise due to increasing tension in the Middle East. can grow $90 per barrel and above.
Mizuho Chief Economist Vishnu Varathan noted that there are many risks for oil suppliers in the global market. Even if demand weakens, prices may rise due to geopolitical factors.
Hong Kong-based analyst Neil Beveridge thinks the main risk factor is the possible decision by the United States and its allies to take tougher measures against Iran, where crude oil exports have risen to 1.5 million barrels per day. According to him, tightening sanctions against Tehran will lead to an increase in oil prices.
Previously recognizedWhen oil prices fall to $50 per barrel.