Baku, Azerbaijan, Oct. 20
By Maksim Tsurkov – Trend:
The average price of North American crude on October 19 was $50.9 per barrel, or $1.3 more than on October 18, a source in the oil and gas market told Trend.
The spot price for WTI, produced in Texas, the US, rose on Oct. 19 by $1.29 to stand at $51.59 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 $51.04 per barrel on Oct. 19, or $1.24 more than the previous price.
The cost of LLS light oil was $53.14 per barrel on Oct. 19, or $1.29 more than the previous price.
The price of a barrel of Mars oil on Oct. 19 was $48.64, $1.31 more than the previous price, while the price of Bakken oil amounted to $50.09 per barrel, which is $1.39 more than on Oct. 18.
The price of November futures for Nymex Light Sweet on Oct. 19 was $51.6 per barrel, or $1.31 more than the previous figure.
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