Azerbaijan’s oil has declined in price

14.08.2018,10:20


August 14, Fineko/abc.az. Cost of a barrel of Azerbaijani oil grade Azeri Light has decreased by $0.33 (0.45%).

The price of a barrel of oil of Azeri Light brand is now $73.75 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 13 August the value of September’s futures of oil grade WTI, compared decreased by $0.43 (0.64%) to $67.20 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading on 13 August the cost of October’s futures of oil grade of Brent crude decreased by $0.20 (0.27%) to $72.61 a barrel.

The price gap between Brent and WTI following trading on 13 August is $5.41 on a barrel.