Oil price declines: Brent drops to $108.08 a barrel

09:17 - 4.05.2026


May 4, Fineko/abc.az. The oil prices for benchmark grades are declining in Monday’s trading.

As of 09:12 on Baku time, at the ICE Futures Europe stock exchange, July’s Brent crude futures fell by $0.09 (-0.08%) to $108.08 per barrel. Following the trading on May 1, this contract decreased by $2.23 (-2.02%), reaching $108.17 per barrel.

At the same time, at the New York Mercantile Exchange (NYMEX), the price of June’s WTI crude oil futures fell by $0.32 (-0.31%) to $101.62 per barrel by 09:12. Following the previous session, on May 1, this contract reduced in cost by $3.13 (-2.98%) to $101.94 per barrel.