Oil gets more expensive, and Brent is traded below WTI

09:25 - 18.05.2022

May 18, Fineko/abc.az. Prices for oil of benchmark grades are increasing in Wednesday’s trading, the cost of Brent oil is lower than the cost of WTI.

By 09:08 am, at the London ICE Futures Exchange the July’s Brent crude futures rose by $0.42 (0.38%) to $112.35 per barrel. Following the trading on 17 May, the price of July’s Brent crude futures fell by $2.31 (2.02%) to $111.93 per barrel.

By 09:08 am, at the New York Mercantile Exchange (NYMEX) the June’s WTI oil futures grew in price by $0.89 (0.79%) to $113.29 per barrel. Following the trading on 17 May, the price of WTI oil futures for June decreased by $1.80 (1.58%) to $112.40 per barrel.


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