25.11.2022,09:31
November 25, Fineko/abc.az. Prices for oil of benchmark grades are increasing in Friday’s trading, but end the week with decline.
The price of January Brent futures on the London ICE Futures exchange increased by $0.34 (0.40%) by 9:20 am and is $85.68 per barrel. Following the trading on 24 November, these contracts fell by $0.07 (0.08%) to $85.34 per barrel.
By 9:20 am, the price of WTI crude oil futures for January on the electronic trading of the New York Mercantile Exchange (NYMEX) rose by $0.53 (0.68%) to $78.47 per barrel. On November 24, the main auctions in the U.S. were not held due to the Thanksgiving holiday.
Two important events took place in December from angle of energy security. Azerbaijan and Romania signed an agreement on gas supplies. Gas supply will start soon. Thus, Romania joins the group of countries of the Southern Gas Corridor.
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