Oil price goes down, and Brent is at $72.97 a barrel

10:01 - 1.06.2023


June 1, Fineko/abc.az. Prices for oil of benchmark grades are increasing in Thursday’s trading after decline the day before.

The price of August Brent crude futures on the London ICE Futures Exchange increased by $0.37 (0.51%) to $72.97 per barrel by 09:56 am. Following the trading on May 31, Brent crude futures for August fell by $1.11 (1.51%) to $72.60 per barrel.

The price of WTI oil futures for July on the electronic trading of the New York Mercantile Exchange (NYMEX) by 09:56 am rose by $0.30 (0.44%) to $68.39 per barrel. Following the trading on May 31, the price of July WTI oil futures dropped by $1.37 (1.97%) to $68.09 per barrel.

At the end of May, Brent fell by 9.55% and WTI by 11.12%.

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