Commodities
Azerbaijan's Oil Prices Drop Amid Global Market Uncertainty
Azerbaijan's Azeri Light crude oil price has decreased in recent days. According to market sources, the CIF price at Italy's Augusta port dropped by $0.07, or 0.07%, from the previous level to $95.50 per barrel.
The FOB price of Azeri Light crude at Ceyhan port in Türkiye also went down by $0.06, or 0.06%, to $92.69 per barrel.
Meanwhile, the price of Urals crude fell by $0.21, or 0.32%, from the previous level to $65.04 per barrel.
The drop in oil prices comes as global markets assess the prospects for a deal on reopening the Strait of Hormuz.