Oil prices hit record high

Oil prices hit record high

Global oil prices have risen again and reached record figures for the first time in nearly four months. Thus, the price of Brent crude exceeded $87 per barrel according to the trading data on the London Stock Exchange. WTI crude oil was sold for just over $84 per barrel on the New York Mercantile Exchange. As noted by experts, the rise in oil prices was influenced by a decline in the U.S. oil reserves.