Oil prices fall much last week, and Azeri Light by 13.7%

11:50 - 2.03.2020


March 2, Fineko/abc.az. Prices for oil are rising during Monday's trading after an essential drop last week.

Following the trading on 28 February at the London ICE Futures Exchange, the price of April’s futures for Brent oil fell by $1.66 (3.18%), reaching $50.52 per barrel at the close.

By 10:20 am, Brent futures for May grew by $1.70 (3.42%) up to $51.37 per barrel.

Following the trading on 28 February at the New York Mercantile Exchange (NYMEX), April’s WTI oil futures price fell by $2.33 (4.95%) to $44.76 per barrel.

By 10:20 am, WTI futures for April increased by $1.34 (2.99%) up to $46.10 per barrel.

Last week, the price of oil fell by 16% - the highest drop since December 2008.

Azerbaijani crude oil Azeri Light declined in price by $1.69 (3.15%) to $51.98 per barrel. Last week, Azeri Light decreased by $8.23 (13.67%)

 

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