The price of a barrel of Brent oil supplied in May rose by more than 3% on the London futures market on Friday, in the context of supply uncertainties following the Russian invasion of Ukraine, EFE reports.

North Sea oil, the benchmark in Europe, was trading at $112.58 around 8:00 GMT, 3.10% higher than at the close on Thursday, but then moderated its rise to about 111 dollars, according to Agerpres.
The oil market continues to be volatile in the face of the possibility, on the one hand, of Russia reducing its supply, especially of gas, while, on the other hand, consuming countries are trying to diversify their sources of supply.

Investors are waiting for the next decisions of the Organization of the Petroleum Exporting Countries (OPEC), while apparently there are differences between members regarding a possible increase in production.

However, a number of analysts believe that most members of the group do not have the capacity to increase production in the short term.