Oil grows in value after falling the day before, and Brent is at $101.05 a barrel

09:25 - 16.03.2022

March 16, Fineko/abc.az. Prices for oil of benchmark grades are rising in Wednesday’s trading after decline more than by 6% the day before.

By 9:12 am, at the London ICE Futures Exchange the May’s Brent crude futures rose by $1.14 (1.14%) to $101.05 per barrel. Following the trading on 15 March, the price of Brent crude futures for May collapsed by $6.99 (6.54%) to $99.91 per barrel.

By 9:12 am, at the New York Mercantile Exchange (NYMEX) the WTI oil futures for April rose in price by $0.67 (0.69%) to $97.11 per barrel. Following the trading on 15 March, the price of April WTI oil futures fell by $6.57 (6.38%) to $96.44 per barrel.