Cost of Azerbaijani oil has declined


December 3, Fineko/ The price of a barrel of Azerbaijani oil grade Azeri Light has dropped by $1.26 (2.02%).

The price of oil grade Azeri Light is now $61.13 a barrel.

At the New York Merchant Exchange (NYMEX) following the trading on 30 November the value of January’s futures of oil grade WTI decreased in price by $0.52 (1%) to $50.93 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading on Friday the cost of February’s futures of oil grade of Brent crude fell by $0.05 to $59.51 a barrel.

The price difference of grades Brent and WTI continues reducing and is today $8.53.