Oil prices fall after rise, Azeri Light oil has declined in price

02.07.2019,11:25


July 2, Fineko/abc.az. Azerbaijani oil Azeri Light has decreased in price by $0.92 (1.36%) to $66.75 a barrel.

Oil prices drop in price on Tuesday after the rise a day before due to OPEC’s decision to approve the extension of the deal on oil production cuts by another nine months.

Following Monday’s trading at the London ICE (InterContinental Exchange Futures; ICE Futures) the price of September’s futures of Brent oil has grown by $0.32 (0.49%) up to $65.06 a barrel.

On Tuesday, trading for Brent oil futures for September has declined in price by $0.02 (0.03%) to $65.04 a barrel by 9:10 am.

Following the 1 July trading at the New York Merchant Exchange (NYMEX), the WTI oil futures for August increased in price by $0.62 (1.06%) up to $59.09 a barrel.

On Tuesday, the cost of WTI oil futures for August grew in price by $0.10 (0.17%) to $58.99 a barrel by 9:10 am.