Cost of Azeri Light has increased, Brent and WTI falls


May 25, Fineko/ The price of a barrel of Azerbaijan's oil Azeri Light has increased by $0.23 (0.28%).

Cost of oil grade Azeri Light is now $80.12 a barrel.

The lowest price for Azeri Light was fixed in December 2001 - $19.15 and highest price in July 2008 - $149.66.

At the New York Merchant Exchange (NYMEX) the value of July’s futures of oil grade WTI declined by $0.59 (0.83%) to $70.12 a barrel.

At the London ICE (InterContinental Exchange Futures) the cost of July’s futures of oil grade of Brent crude decreased by $1.03 (1.31%) to $77.76 a barrel.

The price gap between Brent and WTI is now $7.64 on a barrel.



Keywords: Azeri Light oil