Request a call back

Oil prices soared to the maximum since the beginning of the year

Oil prices of reference marks are rising for the fourth session in a row, reaching maximum marks in four months. Growth is taking place against the backdrop of an unexpected reduction in US commodity stocks and expectations of a possible extension of the OPEC deal.
Thus, futures for Brent crude for delivery in May to 9:47 Kyiv time rose in price to 67.78 dollars per barrel. This is the highest level since the beginning of 2019. At the end of the last session, the price of Brent rose to 67.55 dollars per barrel.
The price of April futures for WTI crude oil rose to this time to 58.42 dollars per barrel. At the end of the last session, WTI went up to $ 58.26 per barrel.
In addition, a positive risk attitude in all markets is supported by news from the UK. The day before, on March 13, the British parliament refused the Brexit option without an agreement on further cooperation in the EU. Now today, March 14, a vote will be held on the question of the postponement of Brexit.
Oil market participants expect the Brexit delay to have less disastrous consequences for the global economy.