The cost of futures for Brent oil reached $89.02 per barrel.
The last time Brent exceeded $89 per barrel was in October 2014.
Earlier it was reported that the duty on oil exports from Russia from February 1 will increase by $1 and amount to $47.7 per ton.
An expert of the National Energy Security Fund, a lecturer at the Financial University under the Government of Russia, Stanislav Mitrakhovich, in an interview with RT, spoke about the factors affecting oil prices.