The price of Brent crude oil futures for March 2025 delivery on the London ICE exchange exceeded $80 per barrel for the first time since October 8, 2024.
Report informs, citing the trading data, that the price of March futures surged by 4.71% to $80.54 per barrel.
Oil prices were strongly influenced by reports about possible new sanctions against Russian oil companies and tankers carrying Russian oil.
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