Azeri oil price has declined

16.08.2018,10:04


August 16, Fineko/abc.az. Cost of Azerbaijani oil barrel Azeri Light in the world market has decreased by $2.15 (2.91%).

The price of a barrel of oil of Azeri Light brand is now $71.68 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 15 August the value of September’s futures of oil grade WTI, compared decreased by $2.03 (3.03%) to $65.01 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading on 15 August the cost of October’s futures of oil grade of Brent crude decreased by $1.70 (2.35%) to $70.76 a barrel.

The price gap between Brent and WTI following trading on 15 August is $5.75 on a barrel.