Brent crude nears $79 mark as oil market recovers

09:25 - 29.08.2024


August 29, Fineko/abc.az. Oil prices of benchmark grades are rising in trading on Thursday after declining for the previous two sessions.

The price of the October futures contract for Brent crude oil on the ICE Futures exchange rose by $0.17 (0.22%) to $78.82 per barrel by 09:22 AM. In the trading session on August 28, the October Brent oil futures contract fell by $0.90 (1.13%) to $78.65 per barrel.

Meanwhile, the price of the October futures contract for WTI crude oil on the NYMEX commodity exchange increased by $0.17 (0.23%) to $74.69 per barrel by 09:22 AM. In the previous trading session on August 28, the October WTI oil futures price decreased by $1.01 (1.34%) to $74.52 per barrel.