Oil keeps on falling in cost after decline the day before, and Brent is at $62.72 a barrel

12:28 - 19.03.2021


March 19, Fineko/abc.az. Prices for oil of standard grades continue to fall on Friday after a sharp collapse in the trading the day before.

By 10:26 am, in the trading at the London ICE Futures Exchange May’s Brent crude futures fell by $0.56 (0.88%) to $62.72 per barrel. At the end of trading on 18 March the price of Brent crude oil futures for May slumped by $4.72 (6.94%) to $63.28 per barrel.

By 10:26 am, at the New York Mercantile Exchange (NYMEX) the price of April’s WTI oil futures fell by $0.58 (0.97%) to $59.42 per barrel. At the end of trading on 18 March the WTI futures for April fell in price by $4.60 (7.12%) to $60 per barrel.