For the first time since January 29, 2020, the price of Brent crude oil increased above $60 per barrel. As of 8:30 am Moscow time, the price of April futures reached $60.05, according to trading data from the London ICE exchange.

The WTI mark also has risen in price, at the same time the March futures were traded at the level of 57.54 dollars. Since the beginning of November last year, oil quotes have risen by more than a third.

Against this background, production in the United States began to recover. Brent prices about $60 make most shale producers to be profitable, and drilling rigs in the region rose nine percent in January.