Cost of oil grows, and Brent is at $86.41 per barrel

09:20 - 7.03.2023


March 7, Fineko/abc.az. Prices for oil of benchmark grades are increasing in Tuesday's auction.

The price of May Brent crude futures on the London ICE Futures exchange grew by $0.23 (0.27%) to $86.41 per barrel by 09:15 am. Following the trading on 6 March, Brent crude futures for May rose by $0.35 (0.41%) to $86.18 per barrel.

By 09:15 am, the price of WTI oil futures for April on the electronic trading of the New York Mercantile Exchange (NYMEX) rose by $0.21 (0.26%), to $80.67 per barrel. Following the trading on 6 March, the price of April WTI oil futures increased by $0.78 (0.98%) to $80.46 per barrel.