Oil prices go up after a record drop the day before

10.03.2020,10:35


March 10, Fineko/abc.az. Oil prices are rising on Tuesday after a strong fall on Monday, Brent futures increased by 8% in trading.

Following the trading on 9 March at the London ICE Futures Exchange, the price of May’s futures for Brent oil fell by $10.91 (24%) to $34.36 per barrel. By 9:40 am, Brent futures for May grew by $2.81 (8.18%) up to $37.17 per barrel.

At the end of trading on 9 March at the New York Mercantile Exchange (NYMEX), April’s WTI oil futures fell in price by $10.15 (24.6%) to $31.13 per barrel. By 9:40 am, WTI futures for April increased in price by $2.44 (7.84%) up to $33.57 per barrel.

The price of Azerbaijani crude oil Azeri Light declined by $10.54 (22.35%) to $36.62 per barrel.