Archive Price for Brent oil exceeds $111.09 per barrel Published: March 3, 2022 0 Min Read The price for May 2022 futures contracts for Brent oil increased 5.83% on London’s ICE, to $111.09 per barrel as of 05:46 Moscow time on Wednesday. The last time Brent crude price exceeded $111 per barrel in July 2014. People’s Bank of China lowered its interest rate to 2.75% France debates pension reform while unions mobilize Rouhani defines economic sanctions as “silent crime against humanity” Russia officially withdrawn from the World Tourism Organization WHO: The Omicron variant of coronavirus has been detected in 110 countries