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World oil prices increased

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The price for oil increased on world markets.

At the world markets price for barrel of WTI (West Texas Intermediate) crude oil increased by 1,51 USD or 3,27% and amounted to 47,72 USD per barrel.

The price for Brent crude oil also went up in world markets. So, price for this crude increased by 2,36% or 1,13 USD and amounted to 48,97 USD per barrel.

The price of oil brand "Azeri LT CIF" makes 50,30 USD per barrel.

Due to the forecasts, in case price for crude oil to be stable, average price of oil in 2016 expected to make 54 USD per barrel.

Date
2016.05.17 / 10:24
Author
Mehpara Huseynova
See also

Oil prices fall in global market

Gold hits a new record above $3,744 per ounce

US Federal Reserve cuts discount rate to 4–4.25%

Global oil prices continue to rise

Azerbaijan resumes crude oil exports to India

Oil prices keep climbing on world markets

Global oil prices rise again

Global oil prices decline

Oil prices continue to climb in global markets

Oil prices keep rising in global markets

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