World oil prices reach 40 USD
Energy
- 07 March, 2016
- 05:40
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 7 March. REPORT.AZ/ On world markets price for barrel of WTI (West Texas Intermediate) crude oil increased by 0,71 USD or 1,98% and amounted to 36,63 USD per barrel.
Report informs, crude oil prices went up because several countries decided to increase oil output.
So, price for Brent crude oil also up in the world markets. So, price for this crude increased by 1,99% or 0,77 USD and amounted 39,49 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 42 USD per barrel.
Latest News
21:27
Azerbaijani ambassador highlights energy cooperation with EU at Zagreb forum
Foreign policy
21:14
Mikayil Jabbarov highlights Azerbaijan-Turkmenistan role in Middle Corridor
Foreign policy
21:04
Turkmenistan-built mosque in Fuzuli expected to open by early 2027
Foreign policy
20:59
Heydar Aliyev Foundation, Turkmen charity fund to organize exhibition
Foreign policy
20:40
Turkmenistan, Azerbaijan see broad potential for joint Caspian projects
Other
20:35
UAE minister of state to attend CICA summit in Baku
Foreign policy
20:20
Photo
Lao President meets students at Baku State University
Education and science
19:55
Turkish, Iranian foreign ministers discuss regional tensions by phone
Region
19:49
Photo
Cambodia's First Lady tours Baku's historic Icherisheher
Foreign policy