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Cost of Azerbaijani oil has declined

01.08.2018,10:01


August 1, Fineko/abc.az. The price of a barrel of Azerbaijani oil grade Azeri Light decreased by $0.65 (0.85%).

Cost of a barrel of oil of Azeri Light brand is now $75.75 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 31 July the value of September’s futures of oil grade WTI declined by $1.31 (1.95%) up to $68.76 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading on 31 July, the cost of September’s futures of oil grade of Brent crude decreased by $0.76 (1.01%) up to $74.21 a barrel.

The price gap between Brent and WTI following trading on 31 July is $5.45 on a barrel.