Azerbaijani Oil Price Jumps 0.4% to $98.58 Per Barrel

Azerbaijan's Azeri Light crude oil price saw a slight increase on July 31, rising to $98.58 per barrel from the previous session, according to market sources.

The price hike was observed at Italy's Augusta port and marks an increase of $0.39 or 0.4% compared to the previous day's prices.

Azerbaijan's oil exports also saw a rise in other regions with Azeri Light crude on an FOB basis increasing by $0.74 or 0.8% to $94.86 per barrel at the Turkish port of Ceyhan.

Meanwhile, URALS crude prices grew by $1.51 or 2.5% from the previous session to reach $61.99 per barrel.