01.12.2022,09:26
December 1, Fineko/abc.az. Prices for oil of benchmark grades are decreasing in Thursday’s trading.
The cost of February Brent crude futures at the London ICE Futures Exchange decreased by $0.18 (0.21%), to $86.79 per barrel by 9:18 am. Following the trading on 30 November, Brent crude futures for February grew by $2.72 (3.23%) to $86.97 per barrel.
January Brent crude futures, which ended trading on 30 November, showed an increase in the session by $2.40 (2.89%), to $85.43 per barrel.
By 9:18 am, the price of WTI crude oil futures for January on the electronic trading of the New York Mercantile Exchange (NYMEX) fell by $0.18 (0.22%), to $80.37 per barrel. Following the trading on 30 November, the price of January WTI oil futures grew by $2.35 (3.01%) to $80.55 per barrel.
Two important events took place in December from angle of energy security. Azerbaijan and Romania signed an agreement on gas supplies. Gas supply will start soon. Thus, Romania joins the group of countries of the Southern Gas Corridor.
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