The price of Brent crude oil has exceeded $126 per barrel for the first time since March 2022
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- The price of Brent crude oil has exceeded $126 per barrel for the first time since March 2022
The price of Brent crude oil has exceeded the level of $126 per barrel for the first time since March 2022. This became known on April 30 from the trading data of the ICE exchange.
As of 9:30 a.m. Moscow time, the peak price of June oil futures rose by 7.1% relative to the previous close, to $126.41.
Later, after 10:40 Moscow time, the average price was fixed in the range of $121-122 per barrel, which is comparable to the prices of oil of the same brand in June 2022.
On April 28, Reuters reported on the UAE's withdrawal from OPEC and OPEC+ organizations. This decision will be implemented on May 1. In connection with the incident, the trading data on the platform Investing.com It was demonstrated that the price of a barrel of Brent crude oil dropped to $104 by 15:55 Moscow time.
At the same time, UAE Energy Minister Al Mazroui on April 29 named the reason for the country's withdrawal from OPEC and OPEC+. This decision was made due to the closure of the Strait of Hormuz.
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