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Oil price falls further after decline the day before, and Brent is at $44.94 a barrel

07.08.2020,11:27


August 7, Fineko/abc.az. Prices for oil of standard grades continue to decline on Friday. Despite that, at the end of the week the oil prices may show an increase of at least 4%.

By 9:35 am, at the London ICE Futures Exchange the Brent crude futures for October fell in price by $0.15 (0.33%) to $44.94 per barrel. At the end of trading on 6 August the price of Brent oil futures for October fell by $0.08 (0.18%) to $45.09 per barrel.

By 9:35 am, at the New York Mercantile Exchange (NYMEX) the WTI crude futures for September fell by $0.18 (0.43%) to $41.77 per barrel. Following the trading on 6 August the WTI oil futures for September fell in price by $0.24 (0.57%) to $41.95 a barrel.