Bank Of Baku

Oil prices rise on world markets

Oil prices rise on world markets
# 16 May 2026 09:33 (UTC +04:00)

In the course of trading operations conducted on the ICE London Intercontinental Exchange, the price of the July 2026 contract for the export of Brent oil increased by 3.35% to USD 109.26 per barrel, APA-Economics reports.

On the New York NYMEX commodity exchange, the price of 1 barrel of WTI oil for export in June 2026 also increased by 4.2% to USD 105.42.

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