Price of Azerbaijani oil has dropped

03.07.2018,13:29


July 3, Fineko/abc.az. Cost of a barrel of Azerbaijan's oil Azeri Light has declined by $1.3 (1.61%).

The price of oil grade Azeri Light is now $79.23 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 on 2 July the value of August’s futures of oil grade WTI, compared to last closing of trading (June 29 - $74.15 a barrel), fell by $0.21 (0.28%) to $73.94 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 29 - $79.44 a barrel), slumped by $2.14 (2.7%) to $77.30 a barrel.

The price gap between Brent and WTI following trading on July 2 is $3.36 on a barrel.