Oil continues to get cheaper, Azeri Light fell by $2.73

10:55 - 28.02.2020


February 28, Fineko/abc.az. The price of oil reference marks continues to fall rapidly, below the lows more than 13 months.

At the end of trading on February 27 on the London ICE Futures exchange, the price of April Brent crude futures fell by $1.25 (2.34%), to $52.18 per barrel, and the price of may futures fell by $1.08 (2.05%), to $51.73 per barrel.

By 9:25 a.m., Brent futures for may fell $1.41 (2.73%) to $50.32 per barrel.

At the end of trading on February 27 on the new York Mercantile exchange (NYMEX), April WTI oil futures fell in price by $1.64 (3.37%), to $47.09 per barrel.

By 9: 25 A.M., WTI futures for April were down $1.47 (3.12%) to $45.62 per barrel.

Azerbaijani oil of the Azeri Light brand collapsed in price by $2.73 (4.85%) to $53.67 per barrel.

 

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