Brent oil futures with delivery in August 2021 surged to $74.04 per barrel on the London’s ICE on Tuesday, having crossed the level of $74 a barrel for the first time since April 2019, APA reports.
Brent prices slightly decelerated later to $74.02 a barrel.
WTI oil gained 1.74% at the same time and totaled $71.86 per barrel.