Oil restores in price after slumping, and Azerbaijani oil fell in price by 2.77%

11:51 - 6.08.2019

August 6, Fineko/abc.az. Azerbaijani oil Azeri Light has slumped in price by $1.79 (2.77%) to $62.95 a barrel.

Following the 5 August’s trading at the London ICE (InterContinental Exchange Futures; ICE Futures) the price of October’s futures of Brent oil declined by $2.08 (3.36%) up to $59.81 a barrel.

On Tuesday, Brent oil futures for October has increased in price by $0.60 (1%) to $60.41 a barrel by 9:10 am.

Following the 5 August trading at the NIMYX Exchange the price of September’s futures of WTI oil has fallen by $0.97 (1.74%) to $54.69 a barrel.

On Tuesday, the cost of WTI oil futures for September has grown in price by $0.57 (1.04%) to $55.26 a barrel by 9:25 am.

 

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