Cost of Azerbaijani oil has declined

12.07.2018,11:44


July 12, Fineko/abc.az. The price of a barrel of Azerbaijani oil grade Azeri Light decreased by $2.44 (3.04%).

Cost of a barrel of oil of Azeri Light brand is now $77.92 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 11 July the value of August’s futures of oil grade WTI, compared to last closing of trading (July 10 - $74.11 a barrel), declined by $3.73 (0.35%) to $70.38 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading, the cost of September’s futures of oil grade of Brent crude, compared to last closing of trading (July 10 - $78.86 a barrel), decreased by $5.46 (6.92%) to $73.40 a barrel.

The price gap between Brent and WTI following trading on 11 July is $3.02 on a barrel.