Oil price goes up, and Brent is at $72.87 a barrel

09:35 - 4.05.2023


May 4, Fineko/abc.az. Prices for oil of benchmark grades are increasing in Thursday's trading after a 4% drop in the previous session.

The price of July Brent crude futures on the London ICE Futures exchange rose by $0.54 (0.75%) to $72.87 per barrel by 09:32 am. Following the trading on May 3, Brent crude futures for July fell by $2.99 (3.97%) to $72.33 per barrel.

The price of WTI crude oil futures for June on the electronic trading of the New York Mercantile Exchange (NYMEX) by 09:32 am increased by $0.35 (0.51%) to $68.95 per barrel. Following the trading on May 3, the price of June WTI oil futures fell by $3.06 (4.27%) to $68.60 per barrel.