Oil prices rise after strong fall the day before, Brent is at $74.59 a barrel

09:00 - 16.03.2023


March 16, Fineko/abc.az. Prices for oil of benchmark grades prices are growing in Thursday’s trading after decline at the end of the previous session.

The price of May Brent crude futures on the London ICE Futures exchange increased by $0.90 (1.22%) to $74.59 per barrel by 08:55 am. Following the trading on 15 March, Brent crude futures for May fell in price by $3.76 (4.86%), to $73.69 per barrel.

By 08:55 am, the price of WTI crude oil futures for April on the electronic trading of the New York Mercantile Exchange (NYMEX) rose by $0.83 (1.23%) to $68.44 per barrel. Following the trading on 15 March, the price of April WTI oil futures slumped by $3.72 (5.22%), to $67.61 per barrel.