The price of April WTI oil futures fluctuates above $77 per barrel, according to data from the New York Mercantile Exchange as of February 27 at 8:15 Moscow time.
The price of a barrel of WTI oil for delivery in April during trading on the NYMEX exchange was $77.6 per barrel, which corresponds to the closing level of the previous day. West Texas oil futures quotes rose 1.4% on February 26, while they fell 2.7% the day before.
The price of Brent oil futures with a May closing date on the ICE London Exchange is $81.7 per barrel, which corresponds to the closing level of the previous day.
The cessation of oil price growth occurs in the context of the continued restrictive policy of the United States Federal Reserve. Meanwhile, stock speculators fear a shortage of raw materials due to the escalating conflict in the Middle East.
Source: Rossa Primavera
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