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Prices for oil slump on Thursday, but keep falling on Friday

31.05.2019,11:29


May 31, Fineko/abc.az. Azerbaijani oil Azeri Light has declined in price by $1.39 (1.95%) to $69.75 a barrel.

The prices for oil of standard grades continue decreasing on Friday after sharp fall by 3.7% a day before.

Following the 30 May trading at the New York Merchant Exchange (NYMEX), the WTI oil futures for July slumped in price by $2.22 (3.77%) to $56.69 a barrel.

In Friday’s trading the cost of WTI oil futures for July drop in price by $0.60 (1.60%) to $55.99 a barrel by 09:20 am.

Following Thursday’s trading at the London ICE (InterContinental Exchange Futures; ICE Futures) the price of contracts of July’s futures of Brent oil decreased by $2.58 (3.71%) to $66.87 a barrel.

July’s futures for Brent fell in price by $0.88 (1.32%) to $65.99 a barrel by 09:20 am on Friday.