Brent crude price exceeds $88 per barrel

The price of Brent crude oil futures for September delivery on London's ICE Exchange has exceeded $88 per barrel for the first time since June 12, Report informs.

As of 9:31 PM (GMT+4), the price of Brent crude oil had risen 4.52%, reaching $88.04 per barrel.

As of 9:36 PM Baku time, the price of Brent crude oil had slowed, reaching $87.74 per barrel (up 4.17%).