Cost of Azerbaijani oil declines by $1.35 a barrel


October 11, Fineko/ The price of a barrel of Azerbaijani oil grade Azeri Light has fallen by $1.35 (1.56%).

Cost of oil grade Azeri Light is now $85.14 a barrel.

At the New York Merchant Exchange (NYMEX) following the trading on Wednesday, 10 October the value of November’s futures of oil grade WTI crude decreased in price by $1.79 (2.4%) to $73.17 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading on 10 October the cost of November’s futures of oil grade of Brent crude decreased by $1.91 (2.3%) to $83.09 a barrel.

The price difference of grades Brent and WTI is today $9.92 on a barrel.