For first time in nine years: Oil has risen to $ 118

The cost of May Brent oil futures exceeded 118 dollars per barrel. This happened for the first time since February 2013, reports TASS with reference to trading data.

The price of oil rose by 4.68% and exceeded 118 dollars per barrel. As of 08:09 Moscow time, the cost of Brent was at the level of 117.22 dollars for the “barrel”, it is 3.8% higher than the level of closing the previous session.