Cost of oil declines, and Brent is at $76 a barrel

09:13 - 26.05.2023

May 26, Fineko/abc.az. Prices for oil of benchmark grades are falling in Friday’s trading after a serious drop the day before.

The price of July Brent crude futures on the London ICE Futures exchange by 09:10 am decreased by $0.26 (0.34%) to $76.00 per barrel. Following the trading on May 25, Brent crude futures for July fell by $2.10 (2.68%) to $76.26 per barrel.

The price of WTI oil futures for July on the electronic trading of the New York Mercantile Exchange (NYMEX) by 09:10 am dropped by $0.10 (0.14%) to $71.73 per barrel. Following the trading on May 25, the price of July WTI oil futures fell by $2.51 (3.38%) to $71.83 per barrel.