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.
Oil prices decreased due to deteriorating demand prospects.
On Thursday, oil prices declined due to data released by the American Petroleum Institute (API), showing an increase in the US stocks last week.