Baku 35° C
Prices for benchmark crude oil grades rise over 1%
Energy
- 13 May, 2026
- 10:39
Oil prices fell on Wednesday after rising for three consecutive sessions, as traders awaited new decisions from parties to the Middle East conflict, Report informs via trading data.
July Brent crude oil futures on London's ICE Futures exchange closed at $106.32 per barrel, down $1.45 (1.35%) from the previous close.
WTI crude oil futures for June in electronic trading on the New York Mercantile Exchange (NYMEX) fell $1.45 (1.42%) to $100.73 per barrel.
The rise in oil prices earlier this week was fueled by fading hopes for a quick resolution to the Middle East crisis. Another attempt to agree on the terms of a peace deal between Washington and Tehran ended in vain.
Author
Latest News
16:08
EU avoids timeline for Armenian produce entering bloc's markets
Other countries15:55
Jürgen Klopp named Germany head coach after Julian Nagelsmann departure
Football15:50
Azerbaijan presents SECURE model at UNESCO heritage session
Cultural policy15:40
EU disburses €1.5 billion to Egypt under aid program
Other countries15:32
Passenger capacity on Baku–Tbilisi–Baku trains increased by approximately 120%
Infrastructure15:17
Zelenskyy says six killed in Russian missile strike near Kyiv
Other countries15:07
Nicușor Dan: Romanian F-16 shoots down drone after airspace violation
Other countries14:54
Central Bank of Azerbaijan introduces securities lending
Finance14:42