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Cost of Azerbaijan’s oil Azeri Light declines

19.07.2018,12:00


July 19, Fineko/abc.az. The price of a barrel of Azerbaijani oil grade Azeri Light has fallen by $0.20 (0.27%).

Cost of a barrel of oil of Azeri Light brand is now $73.14 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 18 July the value of August’s futures of oil grade WTI, compared to last closing of trading (July 17 - $68.08 a barrel), increased by $0.68 (1%) up to $68.76 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 17 - $72.16 a barrel), increased by $0.74 (1.03%) up to $72.90 a barrel.

The price gap between Brent and WTI following trading on 18 July is $4.14 on a barrel.