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Oil price grows after fall, Azeri Light drops by 2.38%

11.02.2020,10:56


February 11, Fineko/abc.az. Prices for oil of standard grades are rising on Tuesday after their decline a day earlier up to annual lows.

Following the trading on 10 February at the London ICE Futures Exchange, the price of April’s futures for Brent oil fell by $1.20 (2.2%) to $53.27 per barrel. By 9:25 am Brent futures for April grew by $0.73 (1.37%) up to $54.00 per barrel.

At the end of trading on 10 February at the New York Mercantile Exchange (NYMEX), March’s WTI futures decreased by $0.75 (1.49%) to $49.57 per barrel. By 9:25 am March’s futures of WTI rose in price by $0.63 (1.27%) up to $50.20 per barrel.

Azerbaijani oil Azeri Light declined in price by $1.44 (2.38%) to $59.18 per barrel.