Oil slumps in price

11:42 - 14.11.2018


November 14, Fineko/abc.az. The price of a barrel of Azerbaijani oil grade Azeri Light has dropped by $3.95 (5.47%).

Cost of oil grade Azeri Light is now $68.20 a barrel.

At the New York Merchant Exchange (NYMEX) following the previous trading the value of December’s futures of oil grade WTI crude slumped in price by $4.24 (7.07%) to $55.69 a barrel.

At the London ICE (InterContinental Exchange Futures) following the last trading the cost of January’s futures of oil grade of Brent crude decreased by $4.65 (6.63%) to $65.47 a barrel.

The price difference of grades Brent and WTI is today $9.78 on a barrel.

 

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