Oil prices going up

09.09.2019,10:11


September 9, Fineko/abc.az. Oil is rising in price as the market is evaluating reports of Saudi Energy Minister's resignation.

Prince Abdel Aziz bin Salman Al Saud succeeded Khalid al-Falih as the Minister of Energy. Abdel Aziz bin Salman Al Saud has long been a member of the Saudi delegation to OPEC.

As a result of trading on September 6 at the London ICE Futures exchange, the November Brent crude futures rose $0.59 (0.97%) settling at $ 61.54 per barrel. On Monday, at 9:20, the price of the November Brent futures increased by $0.60 (0.97%) to settle at $62.14 per barrel.

As a result of trading on September 6 at the New York Mercantile Exchange (NYMEX), the price of October futures for WTI crude oil rose $0.22 (0.39%) to $56.52 per barrel. On Monday, at 9:20, the cost of the October WTI oil futures rose by $0.65 (1.15%) settling at $57.17 per barrel.