Brent crude price exceeds $71 per barrel for first time since March 8

Economic Department
Post's author

Global oil prices are growing on June 1 by 2-3 percent, with the price of Brent futures rising above $71 per barrel for the first time since March 8, according to trading data, Report informs.

As of 16:18 (GMT+4), the price of August futures for the North Sea Brent oil blend grew by 2.48 percent - to $71.04 per barrel. The indicator has been at this level for the first time since March 8. July futures for WTI oil rose 3.29 percent to $68.5 per barrel.

Latest news

Heydar Aliyev Int’l Airport offers over 80 travel destinations this fall 20 September, 2024 / 14:20
Azerbaijani diaspora organizations condemn Dutch government's biased position 20 September, 2024 / 14:12
Turkish company: Strengthening joint efforts to increase cargo transport via Middle Corridor 20 September, 2024 / 13:52
Azerbaijan discloses volume of gas exports to Serbia 20 September, 2024 / 13:41
Türkiye to establish cybersecurity ministry 20 September, 2024 / 13:32
Ukraine imposes sanctions on 6 individuals and over 40 entities from 3 countries 20 September, 2024 / 13:19
UN Security Council to hold meeting next week 20 September, 2024 / 13:16
Largest shipyard in Caspian Sea announces its plans until 2028 20 September, 2024 / 13:11
Renovated courtyard hands over to residents with participation of Leyla Aliyeva 20 September, 2024 / 13:06
China's ‘Belt and Road’ Initiative witnesses growth in cargo volume 20 September, 2024 / 13:03
Zakharova: Western countries have no agenda for South Caucasus other than destructive 20 September, 2024 / 12:58
Final protocol signed at Baku meeting on ‘Eurasian Transport Route’ 20 September, 2024 / 12:50
FIDE names Carlsen, Polgar strongest chess players of century 20 September, 2024 / 12:44
US Secret Service investigating Elon Musk's 'Biden/Kamala' assassination tweet 20 September, 2024 / 12:44
Taliban official disrespects national anthem of Iran in front of President Pezeshkian 20 September, 2024 / 12:41