Oil price goes down, and Brent is at $74.76 a barrel

09:30 - 17.05.2023

May 17, Fineko/abc.az. Prices for oil of benchmark grades keep on declining in Wednesday's trading.

The price of July Brent crude futures on the London ICE Futures Exchange by 09:28 am decreased by $0.15 (0.20%) to $74.76 per barrel. Following the trading on May 16, Brent crude futures for July fell by $0.32 (0.43%) to $74.91 per barrel.

The price of WTI oil futures for June on the electronic trading of the New York Mercantile Exchange (NYMEX) by 09:28 am dropped by $0.17 (0.24%) to $70.69 per barrel. Following the trading on May 16, the price of June WTI oil futures fell by $0.25 (0.35%) to $70.86 per barrel.