Oil keeps on falling in price after sharp decline the day before, and Brent is at $101.87 a barrel

09:25 - 15.03.2022

March 15, Fineko/abc.az. Prices for benchmark oil are declining in Tuesday’s trading after falling the day before.

By 9:04 am, at the London ICE Futures Exchange the May’s Brent crude futures fell by $5.03 (4.71%) to $101.87 per barrel. Following the trading on 14 March, the price of Brent crude futures for May fell by $5.77 (5.12%) to $106.90 per barrel.

By 9:04 am, at the New York Mercantile Exchange (NYMEX) the WTI oil futures for April fell in price by $4.89 (4.75%) to $98.12 per barrel. Following the trading on 14 March, the price of April’s WTI oil futures slumped by $6.32 (5.78%) to $103.01 per barrel.