Cost of oil grows, and Brent is at $112.45 a barrel

09:25 - 4.03.2022


March 4, Fineko/abc.az. Prices for oil of benchmark grades are rising in Friday’s trading after decline the day before.

By 9:11 a.m., at the London ICE Futures Exchange the May’s Brent crude futures grew by $1.99 (1.80%) up to $112.45 per barrel. Following the trading on 3 March, the price of Brent crude futures for May fell by $2.47 (2.19%) to $110.46 per barrel.

By 9:11 a.m., at the New York Mercantile Exchange (NYMEX) the WTI oil futures for April increased in price by $2.38 (2.21%) up to $110.05 per barrel. Following the trading on 3 March, the price of April’s WTI oil futures declined by $2.93 (2.65%) to $107.67 per barrel.