March 20, oil price exceeded $ 30 per barrel

March 20, oil price exceeded $ 30 per barrel

Brent crude on the London ICE Futures exchange went up to $ 30.09 per barrel, and the WTI barrel now costs up to $ 27.66.
World oil prices of reference grades continue to rise after a significant jump on the eve. This is evidenced by trading data on the morning of Friday, March 20.

So, the May Brent futures on the London ICE Futures exchange rose by $ 1.62 (5.69%) – up to $ 30.09 per barrel.

The April WTI futures price for the electronic session on the New York Mercantile Exchange (NYMEX) rose $ 1.75 (6.75%) to $ 27.66 per barrel.

The spread between current Brent and WTI brands is $ 2.43 in favor of Brent.

According to Western media reports, price support was provided by The Wall Strret Journal that the US Presidential Administration, Donald Trump, is considering intervening in the Russian-Saudi oil price war in an effort to stabilize the oil market.

Washington would like to diplomatically get Saudi Arabia to reduce oil production and, in addition, is exploring the possibility of imposing new sanctions on Russia, newspaper sources said.

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