Oil price drops


November 21, Fineko/abc.az. Cost of a barrel of Azerbaijani oil grade Azeri Light has fallen by $2.16 (3.16%).

The price of oil grade Azeri Light is now $65.78 a barrel.

At the New York Merchant Exchange (NYMEX) following the trading on 20 November the value of January’s futures of oil grade WTI crude slumped in price by $3.77 (6.59%) to $53.43 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 declined by $4.26 (6.38%) to $62.53 a barrel.

The price difference of grades Brent and WTI is today $9.10 on a barrel.