Oil prices rise over 1.5%

Global oil prices rose by more than 1.5% on January 13 morning, reported from trading data.

The price of March Brent crude futures increased by 1.76% to $81.16 per barrel, exceeding the $81 mark for the first time since October 8.

The price of March WTI futures rose by 1.66% to $77.01 per barrel. Over the past week, the international benchmark gained 4.3%, while the North American benchmark gained 3.5%.

On January 10, the US imposed sanctions on more than 200 companies and individuals connected to the Russian energy sector, as well as over 180 vessels. The sanctions are aimed at limiting Moscow's access to international markets and reducing revenues from oil and gas exports.

The package also includes restrictions against enterprises involved in energy resource extraction and processing, as well as vessels involved in their transportation.





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