An oil pump jack in an oil field near the city of Almetyevsk. (Photo Credit: Yegor Aleyev/TASS)

MOSCOW, January 8. /TASS/. The price of futures contracts of Brent crude oil for March 2021 delivery went up by 3.11% on London’s ICE on Friday trading compared with the previous closing to $56.07 per barrel, surpassing $56 per barrel for the first time since February 25, 2020, according to the trading data.

Meanwhile, the price of futures contracts of WTI crude oil was up by 2.95% at $52.33 per barrel.