Oil keeps on falling in price weakly after a sharp drop

18.06.2019,11:59


June 18, Fineko/abc.az. Azerbaijani oil Azeri Light has declined in price by $0.86 (1.34%) to $63.35 a barrel.

Following Monday’s trading at the London ICE (InterContinental Exchange Futures; ICE Futures) the price of August’s futures of Brent oil decreaesd by $1.07 (1.73%) to $60.94 a barrel.

August’s futures for Brent fell in price by $0.05 (0.08%) to $60.89 a barrel by 09:15 am on Tuesday.

Following the 17 June trading at the New York Merchant Exchange (NYMEX), the WTI oil futures for July dropped in price by $0.58 (1.1%) to $51.93 a barrel.

In Tuesday’s trading the cost of WTI oil futures for July fell in price by $0.05 (0.1%) to $51.88 a barrel by 09:15 am.