Brent crude price exceeds 35 dollars

Monday 18th May 2020 - 19:56

Brent crude price exceeds 35 dollars

INA - Baghdad 

 According to press data, today, Monday, the price of Brent crude oil exceeded the barrier of $ 35 a barrel for the first time since April.

 The data indicated that the price of Brent oil futures for the month of July increased by 7.75% to $ 35.02 a barrel.

 The cost of futures contracts for Texas Intermediate crude oil for the month of July increased by 9.52% to reach $ 32.33 a barrel.

 Whereas, West Texas Intermediate crude contracts that expire on May 19 increased by 10.67% to $ 32.57.

 Oil prices witnessed a historical decline, last month, and at some point, US crude fell to the negative range, and Brent crude fell to nearly $ 20 a barrel, its lowest level since 2002.