After falling, oil prices recovered on the morning of April 23. This was reported by “Interfax” agency.
The price of June Brent oil futures on the London ICE Futures exchange was 87.46 dollars per barrel as of 09:11 Yerevan time, which is 0.46 dollars (0.53%) higher than the indicator at the time of closing of the previous trading. On April 22, those contracts fell by $0.29 (0.3%), reaching the lowest level since March 27, at $87 per barrel.
The June futures of WTI crude oil on the New York Mercantile Exchange (NYMEX) rose by $0.46 (0.56%) to $82.36 per barrel during electronic trading. According to the results of previous negotiations, the price of these contracts decreased by $0.32 (0.4%), reaching $81.9 per barrel. The May futures, whose circulation period expired at the time of the closing of the market the day before, fell by 0.29 dollars (0.4%), reaching 82.85 dollars per barrel.
Oil prices fell on April 22 amid easing fears of global supply disruptions after Iran failed to respond to an attack the other day, believed to have been carried out by Israel.
In addition, traders are turning their attention to inflation and the prospect of interest rate cuts by the US Federal Reserve.
According to Ipek Ezkardeshkaya, senior analyst at Swissquote Bank, oil prices could fall below $80 per barrel if expectations of interest rate cuts by the Federal Reserve and other central banks continue to decline.
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