MOSCOW, December 18. /TASS/. The price of futures contracts of Brent crude oil for February delivery has risen above $78 per barrel on London's ICE for the first time since December 5, according to trading data.

As of 4:02 p.m. Moscow time (1:02 p.m. GMT), the Brent price was up by 0.97% at $78.08 per barrel.

As of 4:16 p.m. Moscow time (1:16 p.m. GMT), the price of Brent oil was up by 0.98% trading at $78.09 per barrel, whereas the price of futures contracts of WTI crude oil for February delivery was up by 1.51% at $73.23 per barrel.