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

MOSCOW, February 18. /TASS/. The price of futures contracts of Brent crude oil for April 2021 on London’s ICE went up by 1.2%, reaching $65.12 per barrel, according to the trading data as of 04:01 Moscow time.

This is the first time the price of Brent has surpassed $65 per barrel since January 2020.

As of 4:10 Moscow time, the Brent oil price was up by 1.7% trading at $65.46 per barrel, while the WTI oil price was up by 1.7% at $62.21 per barrel.