Brent crude tests $60 per barrel

On Friday, February 5, the rise in oil prices continued and intensified: the price of Brent rose by 0.95%, to $59.31 per barrel, and the price of WTI – by 1.08%, to $56.82 per barrel.

Foreign media reported that 127 oil tankers carrying a total of 250 million barrels of oil were heading to China, which inspired the market to grow. In addition, the positive background in the oil market adds to the news of mass vaccination of the population and the increase in saudi prices for its American and European customers.   Today, the price of Brent is up 0.9% and the WTI price is up 0.95%, Brent is cautiously testing the resistance level at $60 per barrel. We expect the price of Brent today to be $59-$60.5 per barrel.