Oil prices continue falling: Brent drops to $108.92 a barrel

09:21 - 6.05.2026


May 6, Fineko/abc.az. Prices for oil of benchmark grades keep on falling in Wednesday's trading after a significant drop in the previous session.

As of 09:15 on Baku time, at the ICE Futures Europe stock exchange, July’s Brent crude futures declined by $0.95 (-0.86%) to $108.92 per barrel. Following the trading on May 5, this contract decreased by $4.57 (-3.99%) to $109.87 per barrel.

At the New York Mercantile Exchange (NYMEX), the price of June’s WTI crude oil futures fell by $0.98 (-0.96%) to $101.29 per barrel by 09:15. Following the previous session, the contract dropped by $4.15 (-3.90%) to $102.27 per barrel.