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Oil prices rise

11.03.2020,10:10


March 11, Fineko/abc.az. Prices for oil of benchmark grades played back about half of the drop that occurred on Monday.

At the end of trading on 10 March at the London ICE Futures Exchange, the price of May’s futures for Brent oil rose by $2.86 (8.32%) up to $37.22 per barrel.

By 9:30 a.m., Brent futures for May increased by $0.88 (2.36%) up to $38.10 per barrel.

At the end of trading on 10 March at the New York Mercantile Exchange (NYMEX), April’s WTI oil futures grew in price by $3.23 (10.38%) up to $34.36 per barrel.

By 9:30 a.m., WTI futures for April increased by $0.39 (1.13%) up to $34.75 per barrel.

The price of Azerbaijani crude oil Azeri Light dropped by $0.15 (0.41%) to $36.47 per barrel.