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World oil prices slightly reduced

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World oil prices slightly reduced

The price for oil reduced on world markets.

On the world markets, price for barrel of WTI (West Texas Intermediate) crude oil decreased 0,41 USD or by 0,85% and made 47,75 USD per barrel.

The price for Brent crude oil also decreased 0,07 or by 0,14% and made 48,74 USD per barrel.

At the moment the price of oil brand "Azeri LT CIF" makes 50,4 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
2016.05.21 / 10:39
Author
Mehpara Huseynova
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