Oil grows in price, and Brent is at $63.11 a barrel

11:27 - 1.04.2021


April 1, Fineko/abc.az. Oil prices, after their decline, are rising in Thursday’s trading in anticipation of the meeting of the OPEC+ countries’ ministers, at which the May’s quotas for oil production will be discussed.

By 9:29 am, at the London ICE Futures Exchange June’s Brent crude futures grew by $0.37 (0.59%) up to $63.11 per barrel. At the end of trading on 31 March the price of Brent crude oil futures for June fell by $1.43 (2.23%) to $62.74 per barrel.

By 9:29 am, at the New York Mercantile Exchange (NYMEX) the price of May’s WTI oil futures increased by $0.44 (0.74%) up to $59.60 per barrel. At the end of trading on 31 March the WTI futures for May fell by $1.39 (2.3%) to $59.16 per barrel.

In March, Brent crude oil declined by 3.9% and WTI by 3.8%. At the end of the 1st quarter of 2021 the contracts grew in cost by 23% and 22%, respectively.

 

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