February WTI crude futures rose 0.73% to $ 58.23 a barrel.

Futures for Brent crude for March delivery increased 0.69% to $ 64.44 per barrel.

Earlier, the US Department of Energy’s Energy Information Administration raised Brent crude forecast to $ 64.83 for 2020 and $ 67.53 for 2021.

RISI expert Ph.D. in Economics, Mikhail Belyaev, in an interview with the FBA “Economics Today” assessed the possible impact of the global raw materials market on the Russian economy.