Oil prices decline on Thursday, while Azeri Light rises in price

11:42 - 30.01.2020


January 30, Fineko/abc.az. Oil prices of standard grades are declining in today's auction.

Following the trading on 29 January, March’s Brent oil futures at the London ICE Futures Exchange rose in price by $0.30 (0.5%) up to $59.81 per barrel. Its price decreased by $0.53 (0.89%) up to $59.28 per barrel by 9:15 am.

Following the trading on 29 January at the New York Mercantile Exchange (NYMEX), March’s WTI futures fell by $0.15 (0.28%) to $53.33 per barrel. WTI futures for March decreased in price by $0.54 (1.01%) to $52.79 per barrel by 9:15 am. Since the beginning of the year WTI has fallen by about 14%.

Azerbaijani oil Azeri Light brand increased in price by $0.47 (0.73%) up to 64.42 per barrel.

 

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