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Oil prices fall after record growth the day before

03.04.2020,10:43


April 3, Fineko/abc.az. Oil of standard grades are failing in cost in Friday’s trading after the highest daily growth in the history the day before.

Support for the increase in oil prices was provided by reports that Saudi Arabia wants to call an emergency meeting of OPEC+ to discuss a new agreement.

Following the trading on 2 April at the London ICE Futures Exchange, June’s Brent crude futures rose in price by $5.20 (21.02%) up to $29.94 per barrel.

By 10:00 am, Brent futures for June decreased by $1.39 (4.64%) to $28.55 per barrel.

At the end of trading on 2 April at the New York Mercantile Exchange (NYMEX), May’s WTI oil futures grew by $5.01 (24.67%) to $25.32 per barrel.

By 10:00 am, WTI futures for May dropped by $1.20 (4.74%) to $24.12 per barrel.