Oil rises in cost, and Brent is at $123.48 a barrel

09:36 - 31.05.2022

May 31, Fineko/abc.az. Prices for oil of benchmark grades are increasing in Tuesday's trading.

At the London ICE Futures Exchange the July’s Brent crude futures rose by $1.81 (1.49%) up to $123.48 per barrel by 09:24 am. Following the trading on 30 May, the price of July’s Brent crude futures increased by $2.24 (1.88%) up to $121.67 per barrel.

At the New York Mercantile Exchange (NYMEX) the July’s WTI oil futures jumped by $3.59 (3.12%) up to $118.66 per barrel by 09:24. Following the trading on 27 May, the price of WTI oil futures for July grew by $0.98 (0.86%) up to $115.07 per barrel. On Monday, the auction was not held because of the holiday in the U.S.