As of 12:23 a.m. GMT, the price was up by 2.78% reaching $85.64 per barrel

Brent crude futures advanced $3.34, or 4.38%, to $79.5 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $3.07, or 4.30%, to $74.20 a barrel. The latest rally comes…

As of 5:21 p.m. Moscow time, Brent crude was up 5.29%, trading at $80.03 per barrel