Oil price is stable, and Brent is at $88.51 a barrel

09:50 - 4.09.2023

September 4, Fineko/abc.az. Prices for oil of benchmark grades are changing slightly at Monday’s auction after the rise following the past week.

The price of November’s Brent crude futures at the London ICE Futures Exchange by 09:48 decreased by $0.04 (0.05%) to $88.51 per barrel. Following the trading on September 1, Brent crude futures for November grew by $1.72 (1.98%) to $88.55 per barrel.

The price of WTI oil futures for October at electronic trading on the New York Mercantile Exchange (NYMEX) by 09:48 did not changed and remains at $85.55 per barrel. Following the trading on September 1, the price of the October WTI oil futures rose by $1.92 (2.45%) to $85.55 per barrel.

At the end of last week, Brent increased by 5.48% and WTI by 7.17%.