Oil price goes up, Brent - $62.41 a barrel

09:44 - 16.10.2025


October 16, Fineko/abc.az. Prices for oil of benchmark gradesare increasing in Thursday’s trading after decline in the last session.

The price of Brent crude oil futures for December on the ICE Futures exchange grew by $0.50 (0.81%) to $62.41 per barrel by 09:21. Following the trading on October 15, December’s Brent crude futures fell by $0.48 (0.77%) to $61.91 per barrel.

The price of November’s WTI crude oil futures on the NYMEX commodity exchange observed growth by $0.48 (0.82%) up to $58.75 per barrel by 09:21. Following the trading on October 15, WTI crude oil futures for November decreased in price by $0.43 (0.73%) to $58.27 per barrel.