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Oil grows in price, and Brent is at $69.17 a barrel

06.05.2021,10:52


May 6, Fineko/abc.az. Prices for oil of standard grades increasing modestly in Thursday’s trading after different changes the day before.

According to the U.S. Department of Energy, commercial oil reserves in the U.S. last week decreased by 7.99 million barrels - the maximum drop since the beginning of January.

By 9:29 am, in the trading at the London ICE Futures Exchange the July’s Brent crude futures grew by $0.21 (0.30%) up to $69.17 per barrel. Following the trading on 5 May the price of Brent crude oil futures for July increased by $0.08 (0.12%) up to $68.96 per barrel.

By 9:29 am, at the New York Mercantile Exchange (NYMEX) the price of June’s WTI oil futures grew by $0.14 (0.21%) up to $65.77 per barrel. At the end of trading on 5 May the WTI futures for June fell in price by $0.06 (0.1%) to $65.63 per barrel.