Oil drops, Brent traded at $95.39 per barrel

09:30 - 22.08.2022


August 22, Fineko/abc.az. Benchmark oil prices are falling in Monday trading after declining last week.

In trading on the London ICE Futures Exchange, October Brent oil futures fell by $1.33 (1.38%) by 09:24 am to $95.39 per barrel. As a result of trading on August 19, the cost of October Brent oil futures increased by $0.13 (0.14%) to $96.72 per barrel.

At the auction of the New York Mercantile Exchange (NYMEX), October futures for WTI oil by 09:24 am fell  by $1.26 (1.39%) to $89.18 per barrel. As a result of trading on August 19, the cost of October futures for WTI oil rose by $0.33 (0.37%) to $90.44 per barrel.

Over the past week, Brent oil has fallen in price by 1.5%, and WTI dropped by 1.4%.

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