Bank Of Baku

Oil prices near $72 on world markets

Oil prices near $72 on world markets
# 01 August 2025 09:37 (UTC +04:00)

Oil prices have risen slightly in world commodity markets, APA-Economics reports.

A slight increase in oil prices was observed according to futures contracts for September and October 2025. Thus, a barrel of WTI (Nymex) oil increased by $0.10 or 0.14% to $69.36. The price of Brent (ICE) oil increased by $0.12 or 0.17% to $71.82.

The reason for the increase is stable expectations regarding the supply-demand balance in the market and the absence of changes in the production strategies of oil-producing countries.

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