Oil market keeps on its drop, and Azerbaijani oil fell in price by 2%

05.08.2019,12:02


August 5, Fineko/abc.az. Azerbaijani oil Azeri Light has decreased in price by $1.35 (2%) to $64.74 a barrel.

During Monday’s trading the prices for oil resumed falling after their growth last Friday.

Following the 2 August’s trading at the London ICE (InterContinental Exchange Futures; ICE Futures) the price of October’s futures of Brent oil grew by $1.39 (2.3%) up to $61.89 a barrel.

On Monday, Brent oil futures for September has declined in price by $0.72 (1.16%) to $61.17 a barrel by 9:20 am.

Following the 2 August trading at the NIMYX Exchange the price of October’s futures of WTI oil has fallen by $1.71 (3.17%) to $55.66 a barrel.

On Monday, the cost of WTI oil futures for September has fallen in price by $0.63 (1.13%) to $55.03 a barrel by 9:20 am.