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Cost of oil Azeri Light has cheapened

22.06.2018,11:58


June 22, Fineko/abc.az. Cost of a barrel of Azerbaijan's oil Azeri Light has decreased by $1.3.

The price of oil grade Azeri Light is now $74.48 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) following the trading the value of August’s futures of oil grade WTI, compared to last closing of trading (June 20 - $66.22 a barrel), declined by $0.68 to $65.54 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading, the cost of August’s futures of oil grade of Brent crude, compared to last closing of trading (June 20 - $74.74 a barrel), reduced by $1.69 to $73.05 a barrel.

The price gap between Brent and WTI following trading on June 21 is $7.51.