Cost of oil rises, and Brent is at $87.84 a barrel

09:43 - 27 January 2023

January 27, Fineko/abc.az. Prices for oil of benchmark grades are growing in Friday’s trading.

The price of March Brent crude futures at the London ICE Futures Exchange increased by $0.37 (0.42%) up to $87.84 per barrel by 09:40 am. Following the trading on 26 January, Brent crude futures for March rose by $1.35 (1.57%) up to $87.47 per barrel.

By 09:40 am, the price of WTI crude oil futures for March on the electronic trading of the New York Mercantile Exchange (NYMEX) increased by $0.38 (0.47%) up to $81.39 per barrel. Following the trading on 26 January, the price of March WTI oil futures grew by $0.86 (0.03%) up to $81.01 per barrel.