Prices for oil have slumped


November 26, Fineko/ Cost of a barrel of Azerbaijani oil grade Azeri Light has decreased by $3.73 (5.74%).

The price of oil grade Azeri Light is now $61.25 a barrel.

At the New York Merchant Exchange (NYMEX) following the trading on 23 November the value of January’s futures of oil grade WTI slumped in price by $4.21 (7.71%) to $50.42 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 dropped by $3.80 (6.07%) to $58.80 a barrel.

The price difference of grades Brent and WTI is today $8.38 on a barrel.