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Oil prices rise in Wednesday’s trading after a multi-directional movement the day before

29.04.2020,11:10


April 29, Fineko/abc.az. Oil price is rising in today's trading on the news about the recovery of China’s demand for raw materials. At the same time, the market does not yet feel a noticeable decrease in the supply of raw materials from manufacturers.

By 8:45 am on the London ICE Futures Exchange the Brent crude futures for June rose in price by $0.61 (2.98%) up to $21.07 per barrel.

Following the trading on 28 April on the ICE Futures Exchange June’s Brent crude futures rose by $0.47 (2.35%) up to $20.46 per barrel.

By 8:55 am, on the New York Mercantile Exchange (NYMEX) the price of WTI futures for June increased by $1.27(10.29%) up to $13.61 per barrel.

At the end of trading on 28 April on the New York Mercantile Exchange (NYMEX), June’s WTI oil futures fell in price by $0.44 (3.44%) to $12.34 per barrel.