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Oil price keeps on rising, and Brent has grown up to $35 a barrel

19.05.2020,10:31


May 19, Fineko/abc.az. Oil prices continued to grow on Tuesday after rising at the end of the previous session, amid the gradual opening of economies around the world and signals of increased demand with production cuts.

By 9:10 am, at the London ICE Futures Exchange the price of Brent oil futures for July increased by $0.12 (0.34%) up to $34.93 per barrel.

Following the trading on 18 May at the ICE Futures Exchange the price for July’s futures grew by $2.31 (7.11%) up to $31.81 per barrel.

By 9:10 am, at the New York Mercantile Exchange (NYMEX) the WTI futures for June grew by $0.73 (2.29%) up to $32.55 a barrel.

At the end of trading on 18 May at the NYMEX the June’s WTI oil futures rose by $2.39 (8.12%) up to $31.82 a barrel.