Azerbaijan Oil Prices Surge Amid Global Market Shifts

Oil prices experienced a significant increase last week in Azerbaijan, according to recent data. The average price of Azeri Light (CIF) crude rose by $9.44, or 10.2%, compared to the previous week, reaching $102.19 per barrel.

The highest price for this grade of crude oil during the week was $104.98 per barrel, while the lowest was $97.61. The average FOB price of Azeri Light crude at the Turkish port of Ceyhan was $99.30 per barrel, which is $9.91, or 11.1%, higher than the previous week's figure.

Urals crude also saw a notable increase, with its price rising by $10.18, or 15.5%, compared to the previous week, reaching $75.88 per barrel. Dated Brent crude averaged $89.80 per barrel, up $8.95, or 10%, from the previous week.