Oil prices keep on their decline


January 15, Fineko/abc.az. The price of a barrel of Azerbaijani oil grade Azeri Light has decreased by $0.47 (0.75%).

Today cost of oil grade Azeri Light is $62.11 a barrel.

At the New York Merchant Exchange (NYMEX) following the trading on 14 January the value of February’s futures of oil grade WTI fell in price by $1.08 (2.09%) to $50.51 a barrel.

At the London ICE (InterContinental Exchange Futures) following the Monday’s trading the cost of March’s futures of oil grade of Brent crude dropped by $1.49 (2.46%) to $58.99 a barrel.

The difference in price of the WTI and Brent grades is $8.48 on a barrel.