Azerbaijan’s oil has declined in price


July 25, Fineko/ Cost of a barrel of Azerbaijani oil grade Azeri Light has decreased by $0.1 (0.13%).

The price of a barrel of oil of Azeri Light brand is now $75.12 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 24 July the value of September’s futures of oil grade WTI, compared increased by $0.63 (0.93%) to $68.52 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading, the cost of September’s futures of oil grade of Brent crude increased by $0.38 (0.52%) up to $73.44 a barrel.

The price gap between Brent and WTI following trading on 24 July is $4.92 on a barrel.