Oil price returned to February last year

The cost of March Brent oil futures on the ICE exchange in London returned to the indicators of February last year. This is evidenced by the trading data posted on the site site.

Since the beginning of daytime trading, Brent crude oil has risen in price by 3.11 percent, reaching $ 56.07 per barrel. The last time traders offered such an amount per barrel was February 25, 2020.

Analysts cite the reasons for the rise in prices for raw materials with positive news about the start of vaccination of the population of several countries from coronavirus at once and receiving by the US Democratic Party control over both houses of Congress, which is likely to mean additional funding for the pandemic-stricken economy.