The price of Brent oil for the first time since 2014 exceeded $ 90 per barrel

The price of Brent crude exceeded $90 per barrel. About it testify ICE exchange data.

The price of oil crossed the $90 mark at 18:55 Moscow time. This is the highest figure since the fall of 2014. As of 21:45 Moscow time, a barrel of Brent costs $90,130.

One of the reasons for the increase in prices is the growing geopolitical tension, analysts point out.

Goldman Sachs waiting rise in price of Brent to $100 per barrel in the III quarter of 2022. According to the bank’s analysts, global factors will lead to this: a shortage of supply and limited reserves in the countries of the Organization for Economic Cooperation and Development.

Analysts at Goldman Sachs raised their Brent price forecast for the third and fourth quarters of 2022 by $20 per barrel. The forecast for the average cost of Brent for the whole of 2022 has been increased from $81 to $96 per barrel, for 2023 – from $85 to $105 per barrel.