Cost of oil goes up: Brent - $104.85 a barrel

09:28 - 12.05.2026


May 12, Fineko/abc.az. Prices for oil of benchmark grades are increasing in Tuesday’s trading after last week’s drop.

As of 09:25, at the ICE Futures Europe stock exchange, July’s Brent crude futures rose by $0.64 (0.61%) up to $104.85 per barrel. Following the trading on May 11, this contract increased in price by $2.92 (2.88%) up to $104.21 per barrel.

At the New York Mercantile Exchange (NYMEX), by 09:25, the price of June’s WTI crude oil futures grew by $0.88 (0.90%) up to $98.95 per barrel. Following the previous trading, the contract rose by $2.65 (2.78%) up to $98.07 per barrel.

Last week, crude oil Brent fell by 6.36% and WTI by 6.40%.