Cost of oil up, and Brent is at $89.07 a barrel

08:50 - 27.10.2023


October 27, Fineko/abc.az. Prices for oil of benchmark grades are increasing in Friday’s trading after falling the day before.

The price of December’s Brent crude futures at the London ICE Futures Exchange rose by $1.14 (1.30%) to $89.07 per barrel by 08:47. Following the trading on October 26, Brent crude futures for December fell by $2.20 (2.44%) to $87.93 per barrel.

The price of WTI crude oil futures for December on the electronic trading of the New York Mercantile Exchange (NYMEX) by 08:47 increased by $1.13 (1.36%) to $84.34 per barrel. Following the trading on October 26, the price of the December WTI oil futures dropped by $2.18 (2.55%) to $83.21 per barrel.