11:24 - 18.03.2021

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March 18, Fineko/abc.az. Prices for oil of standard grades continue to decline in Thursday’s trading, based on the data from the U.S. Department of Energy on the growth of oil reserves in the country.

The U.S. Department of Energy informs that U.S. oil reserves increased by 2.4 million barrels last week.

By 9:30 am, in the trading at the London ICE Futures Exchange May’s Brent crude futures fell in price by $0.48 (0.71%) to $67.52 per barrel. Following the trading on 17 March the price of Brent crude oil futures for May decreased by $0.39 (0.57%) to $68 per barrel.

By 9:30 am, at the New York Mercantile Exchange (NYMEX) the price of April’s WTI oil futures fell by $0.41 (0.63%) to $64.19 per barrel. At the end of trading on 17 March the WTI futures for April fell by $0.20 (0.31%) to $64.60 per barrel.