The price of Brent oil rose to $87 per barrel for the first time since January 3

It is reported by TASS with reference to the auction data.

As of 08:53 Moscow time, the price of Brent rose by 1.26% to $87 per barrel.

By 09:03 Moscow time, the price of Brent has not changed and was at $87 per barrel.

Futures for WTI crude oil for March 2023 delivery is up 1.48% to $81.64 per barrel.

Earlier, Igor Yushkov, a leading expert of the National Energy Security Fund and the Financial University under the Government of Russia, commented on the situation on the oil market in an interview with Economics Today.