American oil prices up by 1% on Oct. 18
Baku, Azerbaijan, Oct. 19
By Maksim Tsurkov – Trend:
The average price of North American crude on October 18 was $49.6 per barrel, or $0.51 more than on October 17, a source in the oil and gas market told Trend.
The spot price for WTI, produced in Texas, the US, rose on Oct. 18 by $0.33 to stand at $50.3 per barrel.
WTI is mainly used to produce gasoline and therefore the demand for it is high, particularly in the US and China.
The price for WTS (Midland) oil was $49.8 per barrel on Oct. 18, or $1.18 more than the previous price.
The cost of LLS light oil was $51.85 per barrel on Oct. 18, or $0.4 more than the previous price.
The price of a barrel of Mars oil on Oct. 18 was $47.33, $0.28 more than the previous price, while the price of Bakken oil was $48.7 per barrel, which is $0.33 more than on Oct. 17.
The price of November futures for Nymex Light Sweet on Oct. 18 was $50.29 per barrel, or $0.35 more than the previous figure.
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