Azerbaijani Economy 11 january — 10:28

Azerbaijani oil is rising in price: above $71


Oil prices decline slightly, writes MarketWatch.

The price of March futures for Brent crude on the London Stock Exchange ICE Futures declined by 12 cents (0.17%) on Thursday morning, to $69.08 per barrel.

WTI oil for February delivery in electronic trading on the New York Mercantile Exchange (NYMEX) fell by 9 cents (0.14%) to $63.48 per barrel.

In turn, the cost of a barrel of Azeri LT CIF oil on the world market increased by $0.81, or 1.15%, Azerbaijan State News Agency informs.

Currently, the cost of Azeri LT CIF is 71.25 dollars per barrel.

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