Price for Azeri Light has fallen


May 30, Fineko/abc.az. Cost of a barrel of Azerbaijan's oil Azeri Light has declined by $1.11 (1.43%).

Cost of oil grade Azeri Light is now $76.44 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 reduced by $0.08 (0.12%) to $66.65 a barrel.

At the London ICE (InterContinental Exchange Futures) the cost of July’s futures of oil grade of Brent crude decreased by $0.10 (0.13%) to $75.29 a barrel.

The price gap between Brent and WTI is now $8.64 on a barrel.


Keywords: Azeri Light oil