The volatility in the prices of a barrel of oil raw follows.
Since the beginning of the Russian offensive in Ukraine – February 24 – the cost per barrel has gone up and down, topping triple figures, reaching an all-time high of $130 per barrel at the start of the war. In recent weeks, prices have been declining, however, They are still very volatile.
Being Sunday, the markets are closed, but it is worth knowing what their latest figures were. According to the last close of Friday, May 13, the price of crude oil registered an increase of four percent.
Prices of a barrel of Brent and Texas oil today, May 15: how much does it cost and how much is it quoted?
According to the last closing Oil Price Chartsa renowned website with more than 150 oil indices and mixtures worldwide, the The price of a barrel of Brent crude oil rose 3.82 percent and closed at $111.55 per barrel, while US crude West Texas Intermediate (WTI) rose 4.11 percent, closing at $110.49 a barrel.
Crude oil prices are expected to remain volatile in the coming weeks, even months, as the war between Russia and Ukraine continues. In addition to the war, the pandemic coronavirus and high levels of inflation, have also been key factors in determining black crude prices.