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Price of Azerbaijan’s oil increased

03.08.2018,10:16


August 3, Fineko/abc.az. The price of a barrel of Azerbaijani oil grade Azeri Light has grown by $2.08 (2.87%).

Cost of a barrel of oil of Azeri Light brand is now $74.56 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 2 August the value of September’s futures of oil grade WTI increased by $1.3 (1.92%) up to $68.96 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading on 2 August, the cost of September’s futures of oil grade of Brent crude grew by $1.06 (1.46%) up to $73.45 a barrel.

The price gap between Brent and WTI following trading on 2 August is $4.49 on a barrel.