MOSCOW (Sputnik) — At 08:30 GMT, WTI March futures were priced at $30.61 per barrel, which is an almost 4-percent increase compared to the previous trading session. Brent reached $30.56, up about 3.5 percent.
Both benchmarks climbed to $31 earlier in the day following European Central Bank head Mario Draghi's intimation that further easing of EU monetary policy was likely.
Market prices for benchmark Brent and WTI crude dropped to a 12-year low in mid-January, sliding below the historic level of $30 a barrel due to oversupply in the market.
