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2025-01-14 Economy
Brent crude price exceeds $81 for first time since October 2024
Direct Translation via Google Translate. Edited.
[Regnum] World oil prices rose by more than 2% at trades on January 13. This is evidenced by trade data.

The price of Brent crude oil futures for delivery in March 2025 on the London ICE exchange exceeded $81 per barrel for the first time since October 8, 2024. As of 8:10 Moscow time, it was $81.16 per barrel, which is $1.4 (1.76%) higher than at the close of the previous trades. By 10:40 Moscow time, the price of the futures rose by 2.019%, to $81.27 per barrel. On January 10, these contracts rose in price by $2.84 (3.7%), to $79.76 per barrel.

At the same time, the WTI crude oil futures for delivery in February 2025 rose by 2.01% to $78.11 per barrel. Following the results of the previous session, the cost of these contracts increased by $2.65 (3.6%) to the maximum since October 7, 2024 of $76.57 per barrel.

As reported by Bloomberg, global oil prices have reached a four-month high amid new US sanctions against the Russian energy sector.

Regnum reported that on January 10, the United States imposed sanctions against a number of Russian oil companies and individuals. The White House said that these were the largest restrictions against Russia's energy sector. They affected 183 tankers transporting Russian oil, dozens of traders, as well as oil service companies and industry officials. The blacklist included, in particular, Gazprom Neft and Surgutneftegaz.

The sanctions lists also included Novatek partners and Rosatom representatives. The Russian Foreign Ministry stated that the new American sanctions will not go unnoticed and will be taken into account when developing a foreign economic strategy.

The price of Brent crude oil futures for December delivery fell below $72 per barrel during exchange trading on October 28 last year for the first time since October 1.

Posted by badanov 2025-01-14 00:00|| || Front Page|| [11128 views ]  Top

#1 as of just now, Brent was below $80
Posted by Lord Garth 2025-01-14 21:14||   2025-01-14 21:14|| Front Page Top

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