The price of a barrel of Russian Urals oil in Europe has exceeded $ 95.

APA-Economics reports that this was stated in a statement by the international price agency Argus.

According to the report, it was registered on February 4 and for the first time since September 17, 2014.

On the same day, Russian oil prices reached $ 96.18 per barrel.

Russian oil began to rise in price after rising oil prices on world markets amid high geopolitical tensions.

In addition, prices are affected by fears that the market will not have enough raw materials due to the rapid recovery of energy demand.