The price of oil continues to fall from June 9. On June 15 London Commodity Exchange at the closing announced that August futures for 1 barrel of Brent crude oil reached 48.97 dollars. In comparison with the same period last year, it is cheaper at 1.76%.
Turan recalled that the previous day Brent crude oil was sold at the price of 50.02 dollars, and on June 13 - 50.22 dollars. During the last week the highest price for 1 barrel was registered on June 9 at 10:00 London time, being 52.86 dollars.
Currently in the trades on the London Mercantile Exchange at 11 pm Baku time, Brent crude oil was sold at the price of 48.43 dollars.
On the New York Mercantile Exchange crude oil costs around $ 48. -12D--
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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