Oil prices dropping
As a result of sales and purchases in London and New York stock exchanges, the oil prices are falling, reports Gazeta.ru.
According to the source, the price for March Futures WTI oil fell by 1.35% which is $32.94 per barrel on the New York Mercantile Exchange (NYMEX).
The price for Brent oil fell by 0.44% reaching $34.25 per barrel on the London ICE Futures Exchange.
The Azeri LT CIF oil is traded at $35.42 per barrel, according to haqqin.az
The minimum price for Azeri LT CIF was recorded in December 2001 ($19.15) and the maximum was recorded in July 2008 ($149.66).