Brent oil price flew above 73 dollars per barrel, which became a record from May 20, 2019. This is evidenced by the data of the London Stock Exchange ICE.
As of 18:25 Moscow time, the price of August futures was exactly 73 dollars per barrel. July futures at WTI grew by 1.28 percent, to $ 71.19 per barrel.
Previously, the Deputy Prime Minister Alexander Novak said that the price of oil could in the future to reach 200 dollars per barrel if stopped to invest in new projects, as an international energy agency offers. However, the Minister of Energy of Russia Nikolai Shulginov does not believe that in the next three years the cost of raw materials will rise to $ 100 per barrel.
Russia’s income from oil exports in January-April fell by 10.9 percent compared to the same period last year. So, they amounted to $ 26.89 billion.