Brent futures exceeded $87 a barrel for the first time since October 2014
Crude oil prices rose by 0.93%-1.25%
As of 18 January 2022, 08:07 (UTC+3), Brent Crude futures for March settlement were trading 0.93% higher at $87.28 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for February delivery on the New York Mercantile Exchange rose by 1.25% to $84.34 a barrel.
Crude oil prices continue rising in view of the potential shortage in the market. Brent futures exceeded $87 a barrel for the first time since October 2014.
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