Oil prices drop, and Azeri Light falls by 1.18%


March 12, Fineko/abc.az. Oil prices continue their decline after falling the day before.

Following the trading on 11 March at the London ICE Futures Exchange, May’s futures for Brent oil decreased in price by $1.43 (3.84%) to $35.79 per barrel.

By 9:30 am, Brent futures for May fell in price from $1.81 (5,06%) to $33,98 per barrel.

At the end of trading on 11 March at the New York Mercantile Exchange (NYMEX), April’s WTI oil futures declined by $1.38 (4.02%) to $32.98 per barrel.