Oil resumed its growth: Brent $was 74.87 per barrel, WTI - $68,90

Quote June futures for Brent oil at the London ICE Futures exchange to 8: 12 GMT 24 April increased by $0.16 (0.21%) to $74.87 per barrel. This is evidenced by the auction, according to the Russian Agency ANI.

Oil WTI delivered in June at the electronic auction of the new York Mercantile exchange (NYMEX) on Tuesday morning rose by $0.26 (0.38%) to $68.90 per barrel.

On April 23, Brent rose by $0.65 (0.9%), to $74.71 per barrel, WTI - by $0.24 (0.4%), to $68.64 per barrel, Finmarket reports.

Oil prices resumed their rise to the closure of the session in the United States on Monday and Tuesday continued it against the backdrop of new concerns related to geopolitical tensions in the middle East.

The increase in the cost of oil continues, despite the fact that the us dollar on Monday showed the most significant increase since the beginning of February. Usually, the strengthening of the dollar reduces the demand for commodities traded in the us currency.

"The fear of geopolitical risks and the reality that the supply and demand gap will narrow again this week have returned the market to growth," comments Phil Flynn, analyst at Price Futures Group.

Related news