330x110
 

Cost of Azerbaijani oil has declined

02.08.2018,10:38


August 2, Fineko/abc.az. The price of a barrel of Azerbaijani oil grade Azeri Light decreased by $3.27 (4.32%).

Cost of a barrel of oil of Azeri Light brand is now $72.48 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 1 August the value of September’s futures of oil grade WTI declined by $1.1 (1.6%) up to $67.66 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading on 1 August, the cost of September’s futures of oil grade of Brent crude decreased by $1.82 (2.45%) up to $72.39 a barrel.

The price gap between Brent and WTI following trading on 1 August is $4.73 on a barrel.