Oil continues rising in price, and Brent is at $85.54 a barrel

09:25 - 12.07.2024


July 12, Fineko/abc.az. Prices for oil of benchmark grades keep on growing in Friday’s trading, but are still in the red at the end of the week.

The price of Brent crude futures for September at the London ICE Futures Exchange rose by $0.14 (0.16%) to $85.54 per barrel by 09:20. Following the trading on July 11, September’s Brent crude futures grew by $0.32 (0.38%) to $85.40 per barrel.

The price of August’s WTI oil futures on the electronic trading of the New York Mercantile Exchange (NYMEX) increased by $0.26 (0.31%) to $82.88 per barrel by 09:20. Following the trading on July 11, the price of WTI oil futures for August grew by $0.52 (0.63%) to $82.62 per barrel.

This week, Brent crude oil fell by 1.16% and WTI oil by 0.34%.