Positive dynamics is observed in world oil prices on Feb. 22. The price of April futures for North Sea Brent crude oil mix rose by 1.15 percent and stood at $33.39 per barrel on Feb. 22 in the morning. This is while the price of March futures for WTI oil has increased by 1.65 percent and reached $30.13 per barrel.
The rise in prices is stipulated by Russian Energy Minister Alexander Novak’s statement that consultations on the countries’ joining the initiative on freezing of oil production at the level of January 2016 must be completed by March 1.
More about:
