10:08 - 31.05.2018

---

May 31, Fineko/abc.az. The price of a barrel of Azerbaijan's oil Azeri Light has increased by $2.15 (2.81%).

Cost of oil grade Azeri Light is now $78.59 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 New York Merchant Exchange (NYMEX) the value of July’s futures of oil grade WTI, compared to last closing of trading ($68.21 a barrel),   reduced by $0.25 (0.37%) to $67.96 a barrel.

At the London ICE (InterContinental Exchange Futures) the cost of July’s futures of oil grade of Brent crude, compared to last closing of trading ($77.50 a barrel), declined by $0.41 (0.53%) to $77.09 a barrel.

The price gap between Brent and WTI is now $9.29 on a barrel.