Brent crude futures rose to about $ 70 a barrel, the highest level since March

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Today, Wednesday, Brent crude prices increased to about $ 70 a barrel, amid expectations of increased demand, in connection with easing measures to combat the Corona epidemic in the United States and Europe.

The price of the July futures exchange for North Sea mix rose to $ 69.4 a barrel, 0.75% higher than the closing price of the previous session.

On Tuesday, US President Joe Biden announced that the United States aims to vaccinate 70% of the country’s adults by Independence Day on July 4.

And earlier this week, the European Commission proposed to ease the current restrictions by allowing tourists who have been vaccinated against the Coronavirus, as well as citizens of countries with “good epidemiological status”, to enter the European Union.

In turn, British Prime Minister Boris Johnson said that he intends to lift quarantine measures by June 21.

Source: Interfax

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