The price of Brent crude oil exceeded $ 34 per barrel

Photo: AP Photo/Hasan Jamali

the Price of Brent crude oil exceeded $ 34 per barrel. This is evidenced by the auction of the Moscow exchange.

Thus, the value of the futures on Brent crude during trading on the ICE exchange in London rose by 13.6%, reaching 34,02 USD per barrel. The futures price of WTI crude oil gained 7.3% and is around 27.17 USD per barrel.

Previously, the expert of the national energy security Fund Igor Yushkov said that the situation in the oil market may change until July.

Among the factors that have a negative impact on the global economy, in addition COVID-19, Russian energy Minister Alexander Novak called the drop in oil prices due to the failure of the transaction OPEC+.

Members of the cartel failed to agree on reducing oil production by 1.5 million barrels a day until the end of 2022, Russia and Kazakhstan refused.

co-Owner of LUKOIL Leonid Fedun earlier said that the decision on the cancellation of the transaction by the irrational. According to him, the Russian daily will lose up to $ 150 million.

Press Secretary of “Rosneft” Mikhail Leontyev said that the OPEC agreement+ terms of Russia’s interests is meaningless and is “masochism”. He stated that the agreement was not a partnership and does not affect the market.

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