Baku / 09.03.20 / Turan: The cost of Brent crude oil fell to $ 31.27 per barrel. At the close of trading on March 7, oil prices traded at around $ 45.54 a barrel.
The cost of May futures for Brent crude oil fell to $ 31.27 per barrel, falling almost $ 14 per barrel per night, follows from the trading data.
At the close of trading on March 7, North Sea oil was trading at $ 45.54 a barrel.
In the morning of March 9, panic in the oil market persists, although a little less. Thus, futures for oil deals fell by 26.5% and amounted to $ 33.3 per barrel. Futures for WTI US crude are trading at $ 29.8, down 27.5%.
The cost of Azeri light Azeri oil is tied to the Brent brand, and usually exceeds it by 1-1.5 dollars.
Such a significant reduction in prices will affect the income of Azerbaijan, where the cost of oil in the state budget is fixed at a loss of $ 55 per barrel. -02D-
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