Price of Azeri Light has increased


July 5, Fineko/abc.az. Cost of a barrel of Azerbaijani oil of the Azeri Light brand has grown by $1.18 (1.5%).

The price of a barrel of oil of Azeri Light brand is now $79.62 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) the WTI oil was not traded on 4 July. Trading on 3 July stopped on $74.14 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading on 4 July, the cost of September’s futures of oil grade of Brent crude, compared to last closing of trading (July 3 - $77.76 a barrel), increased by $0.48 (0.62%) up to $78.24 a barrel.

The price gap between Brent and WTI increased and makes $4.1 on a barrel.