Brent crude jumps above $69 for the first time this year

File AFP

UNITED STATES (VOP TODAY NEWS) — The price of Brent crude, $ 69 a barrel, exceeded for the first time since November 13, 2018, according to stock exchange data.

The Brent crude futures contract rose 2.15% to $ 69.03 a barrel at 17:15 GMT. WTI crude for May delivery rose 2.36% to $ 61.56 a barrel.

The main factors behind the rise in oil prices on Monday were the return of risk to markets, as well as initial production data from OPEC countries in March.

According to a survey conducted by the agency “Reuters”, the countries participating in the “OPEC +” cut oil production in March to a four-year low.

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