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Brent oil price up by more than 5% on ICE Exchange to $107.59 per barrel

The cost of WTI oil rose by 5.6% to $105.38 per barrel

MOSCOW, May 11. /TASS/. The cost of a futures contract for Brent crude oil with settlement in July 2022 on the London ICE exchange added more than 5% to the close of the previous session and reached $107.59 per barrel.

By 05:43 pm Moscow time, the price of Brent oil rose to $107.64 (+5.1%).

As of 05:55 pm Moscow time, the oil price growth slowed down to 4.98% the cost of a barrel reached $107.52. The cost of WTI oil rose by 5.6% to $105.38 per barrel.