Azerbaijani oil Azeri Light has grown

16.07.2018,11:25


July 16, Fineko/abc.az. The price of a barrel of Azerbaijani oil grade Azeri Light increased by $2.1 (2.8%).

Cost of a barrel of oil of Azeri Light brand is now $76.85 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 13 July the value of August’s futures of oil grade WTI, compared to last closing of trading (July 12 - $70.33 a barrel), increased by $0.68 (0.97%) up to $71.01 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 12 - $74.45 a barrel), increased by $0.88 (1.18%) up to $75.33 a barrel.

The price gap between Brent and WTI following trading on 13 July is $4.32 on a barrel.