Oil prices fall after a month of growth, Brent drops to $37.48 a barrel


June 1, Fineko/abc.az. Prices for oil of standard grades are reducing in Monday’s trading after strong growth at the end of May.

By 9:22 am, at the London ICE Futures Exchange the Brent crude futures for August fell by $0.36 (0.95%) to $37.48 a barrel.

Following the trading on 29 May the July’s contracts grew in price by $0.04 (0.1%) up to $35.33 a barrel, and their validity expired on Friday. August’s Brent futures rose by $1.81 (5%) up to $37.84 a barrel on 29 May.

By 9:22 am, at the New York Mercantile Exchange (NYMEX) the WTI futures for July declined in price by $0.28 (0.79%) to $35.21 a barrel.

At the end of trading on 29 May at the NYMEX the price of July’s WTI futures rose by $1.78 (5.28%) up to $35.49 a barrel.