Price of Azerbaijani oil exceeds $81 a barrel


May 18, Fineko/abc.az. The price of a barrel of Azerbaijan's oil Azeri Light on the world market has increased by $2.21 (2.80%).

Cost of oil grade Azeri Light is now $81.03 a barrel.

The lowest price for Azeri Light was fixed in December 2001 - $19.15 and highest price in July 2008 - $149.66.

At the London ICE (InterContinental Exchange Futures) the cost of one barrel of Brent crude is now $79.52. At the New York Merchant Exchange (NYMEX) the value of WTI crude is by $71.65 a barrel. The price gap between Brent and WTI is now $7.87 on a barrel.