Brent Crude Oil Price Exceeds $63 per Barrel for First Time in a Month

Brent crude oil futures for March 2026 delivery have risen above $63 per barrel, the first time since December 8, as reported by ICE London.

At 00:23 Moscow time, Brent crude saw an increase of 1.66%, reaching $63.02 per barrel, before later dropping to $62.56 by 11:40, although it remained 0.92% higher than the previous closing price.

Meanwhile, West Texas Intermediate (WTI) futures for February 2026 delivery climbed by 0.9% to $58.28 per barrel, indicating a continued upward trend in oil prices amid expectations of rising global demand.

This increase reflects the fluctuations in global energy markets as investors monitor oil supply and demand developments across Asia, Europe, and North America.