Oil prices decline after rising the day before, while Brent is at $29.5 per barrel

11:36 - 13.05.2020


May 13, Fineko/abc.az. The cost of oil of standard grades is declining in Wednesday’s trading after rising the day before.

By 9:15 am, at the London ICE Futures Exchange the Brent crude futures for July fell in price by $0.55 (1.83%) to $29.43 per barrel.

Following the trading on 12 May at the ICE Futures Exchange the July’s futures rose by $0.35 (4.33%) up to $29.98 per barrel.

By 9:15 am, at the New York Mercantile Exchange (NYMEX) the WTI futures for June fell by $0.24 (0.93%) to $25.54 per barrel.

At the end of trading on 12 May at the NYMEX the June’s WTI oil futures increased in price by $1.64 (6.8%) up to $25.78 per barrel.

 

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