17:51 GMT +319 January 2020
Listen Live
    Get short URL
    0 74

    The price of Brent crude has beaten its record, growing to over $62 per barrel on Tuesday, despite growing concerns regarding the future of the Eurozone.

    Ekaterina Blinova — Brent crude has climbed to $62 per barrel in Asian trade on February 17, despite growing uncertainty regarding the Eurozone's future which has been caused by the recent failure in Greece's debt negotiations.

    On the New York Mercantile Exchange, light crude futures for March delivery were traded at $53.16 per barrel, while on London’s ICE Futures exchange Brent crude for April delivery mounted by $0.70/1.1% reaching $62.10 a barrel.

    Meanwhile the talks over a new financing deal for Greece broke down Monday, sparking controversy between Athens and its creditors. A growing uncertainty regarding the economic prospects of Greece within the bloc is predictably undermining the euro. In contrast, the US dollar is strengthening steadily. Experts note that the trend is likely to sour oil-market sentiments; however, Brent crude has beaten its second-highest record since the beginning of the year.


    Russia to Remain World’s Largest Energy Exporter in 2035
    Discoveries of Oil, Gas Reserves in 2014 Lowest in 20 Years – Study
    Iran Aims to Compete With Saudi Arabia in Asian Oil Market
    Oil, oil prices, Brent
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik