Price of oil rises, and Brent is at $75.50 a barrel

09:25 - 16.05.2023

May 16, Fineko/abc.az. Prices for oil of benchmark grades are increasing in Tuesday's auction.

The price of July Brent crude futures on the London ICE Futures Exchange increased by $0.27 (0.36%) to $75.50 per barrel by 09:20 am. Following the trading on May 15, Brent crude futures for July rose by $1.06 (1.43%) to $75.23 per barrel.

The price of WTI oil futures for June on the electronic trading of the New York Mercantile Exchange (NYMEX) grew by $0.23 (0.32%) to $71.34 per barrel by 09:20 am. Following the trading on May 15, the price of June WTI oil futures grew by $1.07 (1.53%) to $71.11 per barrel.