Oil prices rise after falling the day before, Brent is at $78.23 a barrel

09:50 - 15.03.2023


March 15, Fineko/abc.az. Prices for oil of benchmark grades are increasing in Wednesday’s trading after a serious drop following the last session.

The price of May Brent crude futures on the London ICE Futures exchange grew by $0.78 (1.01%) to $78.23 per barrel by 09:45. Following the trading on 14 March, Brent crude futures for May slumped in price by $3.32 (4.11%), to $77.45 per barrel.

By 09:45 am, the price of WTI crude oil futures for April on the electronic trading of the New York Mercantile Exchange (NYMEX) rose by $0.76 (1.07%) to $72.09 per barrel. Following the trading on 14 March, the price of April WTI oil futures fell by $3.47 (4.64%) to $71.33 per barrel.