Price of Azerbaijani oil declined

04.07.2018,12:04


July 4, Fineko/abc.az. Cost of a barrel of Azerbaijani oil of the Azeri Light brand decreased by $0.79 (1.0%).

The price of a barrel of oil of Azeri Light brand is now $78.44 a barrel.

The lowest price of 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 3 July the value of August’s futures of oil grade WTI, compared to last closing of trading (July 2 - $73.94 a barrel), grew by $0.2 (0.27%) up to $74.14 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 (July 2 - $77.30 a barrel), increased by $0.46 (0.6%) up to $77.76 a barrel.

The price gap between Brent and WTI following trading on July 3 is $3.62 on a barrel.