Cost of oil goes up, and Brent is at $80.18 a barrel ABC.AZ

Cost of oil goes up, and Brent is at $80.18 a barrel

09:03 - 6.02.2023

February 6, Fineko/abc.az. Prices for oil of benchmark grades are increasing in Monday’s trading after decline of ovre 7% at the end of last week.

The price of April Brent crude futures on the London ICE Futures exchange grew by $0.24 (0.30%) to $80.18 per barrel by 09:00 am. Following the trading on 3 February, Brent crude futures for April fell by $2.23 (2.71%) to $79.94 per barrel.

By 09:00 am, the price of WTI oil futures for March on the electronic trading of the New York Mercantile Exchange (NYMEX) increased by $0.14 (0.19%), to $73.53 per barrel. Following the trading on 3 February, the price of March WTI oil futures dropped by $2.49 (3.28%) to $73.39 per barrel.

Following the past week, Brent crude oil decreased by 7.48% and WTI by 7.89%.

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