17:28 GMT +326 September 2017
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    Oil Prices Return to Growth as Brent, WTI Surpass $30.5 per Barrel

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    Crude oil prices rose on Friday, with both Brent and WTI crude trading above $30.5 per barrel, according to commodity futures price quotes.

    MOSCOW (Sputnik) — At 08:30 GMT, WTI March futures were priced at $30.61 per barrel, which is an almost 4-percent increase compared to the previous trading session. Brent reached $30.56, up about 3.5 percent.

    Both benchmarks climbed to $31 earlier in the day following European Central Bank head Mario Draghi's intimation that further easing of EU monetary policy was likely.

    Market prices for benchmark Brent and WTI crude dropped to a 12-year low in mid-January, sliding below the historic level of $30 a barrel due to oversupply in the market.

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    Oil, oil prices, Brent, WTI
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