330x110
 

Oil grows in value, and Brent is at $75.09 a barrel

22.06.2021,11:41


June 22, Fineko/abc.az. Prices for oil of standard grades keep on rising in Tuesday's trading because of increasing demand. For the first time for two years Brent is traded above $75 a barrel amid the concerns that the supply in the oil market will not be able to meet rising demand.

Bank of America’s experts predict that the recovery in tourism may lead to a rise in the price of Brent up to $100 a barrel next year.

By 9:40 am, in the trading at the London ICE Futures Exchange the August’s Brent crude futures grew by $0.19 (0.25%) up to $75.09 per barrel. At the end of the trading on 21 June the price of Brent futures for August increased by $1.39 (0.59%) up to $74.90 per barrel.

By 9:40 am, at the New York Mercantile Exchange (NYMEX) the price of July’s WTI oil futures fell by $0.10 (0.14%) to $73.56 per barrel. July’s WTI futures expire on Tuesday, and by the close of trading on Monday, the value of these contracts increased by $2.02 (2.82%) up to $73.66 per barrel. At the end of the trading on 21 June the price of WTI futures for August rose by $0.04 (0.05%) up to $73.16 per barrel.