Cost of oil drops, and Brent is at $79.84 a barrel

09:00 - 14.03.2023


March 14, Fineko/abc.az. Prices for oil of benchmark grades are declining in Tuesday’s trading after falling at the end of the previous session.

The price of May Brent crude futures on the London ICE Futures Exchange decreased by $0.93 (1.15%) to $79.84 per barrel by 08:55 am. Following the trading on 13 March, Brent crude futures for May collapsed in price by $2.01 (2.43%), to $80.77 per barrel.

By 08:55 am, the price of WTI oil futures for April on the electronic trading of the New York Mercantile Exchange (NYMEX) fell by $0.88 (1.18%), to $73.92 per barrel. Following the trading on 13 March, the price of April WTI oil futures decreased by $1.88 (2.45%) to $74.80 per barrel.