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Azerbaijan’s oil has grown in price

26.07.2018,11:48


July 26, Fineko/abc.az. Cost of a barrel of Azerbaijani oil grade Azeri Light has increased by $0.25 (0.33%).

The price of a barrel of oil of Azeri Light brand is now $75.37 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 25 July the value of September’s futures of oil grade WTI increased by $0.78 (1.14%) up to $69.30 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 $0.49 (0.67%) up to $73.93 a barrel.

The price gap between Brent and WTI following trading on 25 July is $4.63 on a barrel.