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Oil prices fall on world markets

Oil prices fall on world markets

OPEC reaches a deal to cut production (02 December 2016 17:46)
Azeri Light crude sells for $55.11 (02 December 2016 11:46)
Azeri Light crude sells for $51.64 (01 December 2016 11:46)

Date: 12 October 2016 14:46

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Baku, October 12, AZERTAC

Oil prices have fallen on the world markets.

On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.56 to stand at $50.79. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $0.73 to trade at $52.41.

The price of a barrel of Azeri Light crude oil decreased $0.88 to stand at $52.88 on the world markets.


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