Cost of Azerbaijan’s oil Azeri Light has fallen

18.07.2018,12:02


July 18, Fineko/abc.az. The price of a barrel of Azerbaijani oil grade Azeri Light declined by $0.45 (0.61%).

The price of a barrel of oil of Azeri Light brand is now $73.34 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 17 July the value of August’s futures of oil grade WTI, compared to last closing of trading (July 16 - $68.06 a barrel), increased by $0.02 up to $68.08 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 16 - $71.84 a barrel), increased by $0.32 up to $72.16 a barrel.

The price gap between Brent and WTI following trading on 17 July is $4.08 on a barrel.