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Price of Azerbaijan’s oil increased

08.08.2018,10:09


August 8, Fineko/abc.az. The price of a barrel of Azerbaijani oil grade Azeri Light has grown by $0.20 (0.27%).

Cost of a barrel of oil of Azeri Light brand is now $75.35 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 7 August the value of September’s futures of oil grade WTI increased by $0.16 (0.23%) up to $69.17 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading on 7 August, the cost of October’s futures of oil grade of Brent crude increased by $0.90 (1.22%) up to $74.65 a barrel.

The price gap between Brent and WTI following trading on 7 August is $5.48 on a barrel.