Oil prices soared

14.04.2021

June futures for Brent crude rose to $66 per barrel during trading on the London ICE exchange, according to trade data.

This happened for the first time since March 18, the growth was more than four percent. By 18:12 Moscow time, the price of Brent soared to $66.3 per barrel.

The cost of raw materials is increasing against the background of the IEA report. The organization has improved its forecast for oil demand this year. Now it is expected that it will amount to 96.7 million barrels per day, which is 230 thousand barrels per day more than the previous forecast.