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Brent oil surpasses $113 per barrel first time since June 2014

The price of futures contract for WTI crude oil grew to $110.25 per barrel

MOSCOW, March 2. /TASS/. The price of Brent crude oil futures contract with May delivery on London’s ICE exchange rose by 7.67% to $113.02 per barrel on Wednesday.

As of 11:03 Moscow time, the price of Brent slowed down to $111.46 per barrel (+6.21%). The last time Brent exceeded $113 per barrel was in June 2014.

Meanwhile, the price of futures contract for WTI crude oil grew by 6.6% to $110.25 per barrel.