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Oil prices slump in search of bottom, Azeri Light falls by 16%

19.03.2020,11:08


March 19, Fineko/abc.az. After Wednesday's drop, prices of oil of standard grades are rising slightly in Thursday's trading.

Following the trading on 18 March at the London ICE Futures Exchange the prices for May’s Brent crude futures fell by $3.85 (13.4%) to $24.88 per barrel.

By 9:30 am, Brent futures for May increased by $0.79 (3.18%) up to $25.67 per barrel.

Following the trading on 18 March at the New York Mercantile Exchange (NYMEX), April’s WTI oil futures decreased in price by $6.58 (24.42%) to $20.37 per barrel.

By 9:30 am, WTI futures for April grew by $2.11 (10.36%) up to $22.48 per barrel.

The price of crude oil Azeri Light fell by $4.64 (15.91%) to $24.53 per barrel.