The cost of Brent in February increased by 19%, WTI – by 21%.
The pressure on the quotations on Thursday, February 11, had concerns about the prospects for oil demand.
Experts expect the price of Brent to rise to $70 per barrel by the end of this year.
Both Brent and WTI ended trading on February 9 at their highs since January 2020.
On Thursday, oil prices declined due to data released by the American Petroleum Institute (API), showing an increase in the US stocks last week.