Price of Azerbaijani oil has dropped


August 9, Fineko/ Cost of a barrel of Azerbaijan's oil Azeri Light has declined by $2.16 (2.87%).

The price of oil grade Azeri Light is now $73.19 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 8 August the value of September’s futures of oil grade WTI fell by $2.23 (3.22%) up to $66.94 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading on 8 August, the cost of October’s futures of oil grade of Brent crude slumped by $2.37 (3.17%) up to $72.28 a barrel.

The price gap between Brent and WTI following trading on 8 August is $5.34 on a barrel.