The cost of the futures contracts of Brent crude oil for March 2016 delivery exceeded $30 mark on London's ICE on Friday trading at $30.67 per barrel, TASS reports.

On Thursday, the cost of the futures contracts of Brent crude for March delivery rose by 3% to $29.45 per barrel in London.

Russian stocks finished trade higher as the ruble-denominated MICEX surged by 2.87% to 1677.19 points on the Moscow Exchange while the dollar-denominated RTS went up by 0.59% to 632.12 points.

Russia's currency fell to record lows against the dollar and the euro though it partially recovered losses closer to an end of day trading as the dollar slipped to $82.63 rubles and the euro went down to 89.99 rubles.

Photo: www.telegraph.co.uk