Bank Of Baku

Oil prices rise

Oil prices rise
# 19 September 2016 08:21 (UTC +04:00)

Baku. Yegane Lachihzade - APA-Economics. The WTI crude oil price rose $0.81 to $43.84 a barrel.

 

The price of Brent crude oil increased $0.76 to $46.53 a barrel.

 

The decline in oil price is caused by several factors. In spite of statements by Libyan government, it failed to send tankers from Ras Lanuf port. Due to civil war, the terminal could not operate for two years.

 

Along with this, Venezuelan president Nicolas Maduro said the oil producers may announce output freeze in September. 

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