Price of Azerbaijani oil has risen


December 5, Fineko/ Cost of a barrel of Azerbaijani oil grade Azeri Light has grown by $0.63 (1.00%).

The price of oil grade Azeri Light is now $63.86 a barrel.

At the New York Merchant Exchange (NYMEX) following the trading on 4 December the value of January’s futures of oil grade WTI grew in price by $0.30 (0.57%) up to $53.25 a barrel.

At the London ICE (InterContinental Exchange Futures) following the trading on Tuesday the cost of February’s futures of oil grade of Brent crude increased by $0.39 (0.63%) up to $62.08 a barrel.

The price difference of grades Brent and WTI continues reducing and is today $8.83 on a barrel.