Oil prices are declining on May 29 amid expectations of reduced tensions in the Middle East conflict.
This information was reported by Oxu.Az citing Interfax.
On London's ICE Futures exchange, Brent crude futures for July delivery were at $92.56 per barrel as of 9:10 AM Baku time, down $1.15 (1.23%) from the previous close. On May 28, futures had already fallen by $0.58 (0.6%) to $93.71 per barrel.
More actively traded August futures declined by $0.95 (1.02%) to $91.75 per barrel.
On the New York Mercantile Exchange (NYMEX) electronic trading platform, WTI crude futures for July delivery fell by $1.14 (1.28%) to $87.76 per barrel. They had risen by $0.22 (0.3%) to $88.9 per barrel at the previous session's close.
