Price of Azerbaijan’s oil has increased

20.07.2018,10:38


July 20, Fineko/abc.az. Cost of a barrel of Azerbaijani oil grade Azeri Light has grown by $1.5 (2.05%).

Cost of a barrel of oil of Azeri Light brand is now $74.64 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 19 July the value of August’s futures of oil grade WTI, compared to last closing of trading (July 18 - $68.76 a barrel), increased by $0.7 (1.02%) up to $69.46 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 18 - $72.90 a barrel), decreased by $0.32 (0.44%) to $72.58 a barrel.

The price gap between Brent and WTI following trading on 19 July is $3.12 on a barrel.