Price of Azerbaijani oil has declined

17.07.2018,13:03


July 17, Fineko/abc.az. Cost of a barrel of Azerbaijani oil grade Azeri Light decreased by $3.06 (3.98%).

The price of a barrel of oil of Azeri Light brand is now $73.79 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 16 July the value of August’s futures of oil grade WTI, compared to last closing of trading (July 13 - $71.01 a barrel), declined by $2.95 (4.15%) to $68.06 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 13 - $75.33 a barrel), decreased by $3.49 (4.63%) up to $71.84 a barrel.

The price gap between Brent and WTI following trading on 16 July is $3.78 on a barrel.