Now the price of March Brent oil futures on the London Stock Exchange is equal to February 2020. This is evidenced by trade data.

Daily data shows that Brent has risen in price by 3.11% and reached $ 56.07 per barrel. The last time a similar price was observed at the end of February in the previous year.

Experts say that the reason for the rise in price was the good news about coronavirus vaccine in several states and the gaining control by Democrats in America over the chambers of Congress. It means that now the economy, which has suffered from the pandemic, will be additionally funded.