330x110
 

Cost of Azerbaijani oil is $79.50 a barrel

06.07.2018,11:19


July 6, Fineko/abc.az. The price of a barrel of Azerbaijani oil of the Azeri Light brand has declined a little by $0.12 (0.15%).

The price of a barrel of oil of Azeri Light brand is now $79.50 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 5 July, the cost of August’s futures of the WTI oil grade, compared to last closing of trading (July 3 - $74.14 a barrel), decreased by $1.2 (1.6%) to $72.94 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 4 - $78.24 a barrel), declined by $0.85 (1.1%) to $77.39 a barrel.

The price gap between Brent and WTI increased and makes $4.45 on a barrel.