Cost of oil drops, and Brent is at $75.44 a barrel

08:55 - 9.06.2023

June 9, Fineko/abc.az. Prices for oil of benchmark grades are declining in Friday’s trading.

The price of August Brent crude futures at the London ICE Futures Exchange fell by $0.52 (0.68%) to $75.44 per barrel by 08:50 am. Following the trading on June 8, Brent crude futures for August decreased by $0.99 (1.29%) to $75.96 per barrel.

The price of WTI oil futures for July on the electronic trading of the New York Mercantile Exchange (NYMEX) by 08:50 am declined by $0.51 (0.72%) to $70.78 per barrel. Following the trading on June 8, the price of July WTI oil futures dropped by $1.24 (1.71%) to $71.29 per barrel.