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Price of Brent oil surpasses $77 per barrel on ICE first since February 3

Meanwhile, the price of futures contracts of WTI crude oil for March delivery was up by 1.44% at $73.36 per barrel

MOSCOW, February 11. /TASS/. The price of futures contracts of Brent crude oil for April 2025 delivery has risen above $77 per barrel on London's ICE for the first time since February 3, 2025, according to trading data.

As of 3:08 p.m. Moscow time (12:08 p.m. GMT) the Brent price was up by 1.5% at $77.01 per barrel.

By 3:23 p.m. Moscow time (12:23 p.m. GMT) the price of Brent futures contracts had narrowed gains to 1.48% as it traded at $76.99 per barrel. Meanwhile, the price of futures contracts of WTI crude oil for March delivery was up by 1.44% at $73.36 per barrel.