Commodities
Azeri Light Crude Oil Prices Surge Amid Middle East Tensions
The price of Azeri Light crude oil has increased significantly in recent days. On August 20, it rose by $0.9, or 0.95%, to $95.48 per barrel on a CIF basis at Italy's Augusta port.
At Turkey's Ceyhan port, the price of Azeri Light also increased by $0.9, or 1%, to $91.79 per barrel on an FOB basis.
The price of Urals crude rose by $1.47, or 2.21%, to $67.94 per barrel. The price of Dated Brent crude produced in the North Sea increased by $0.68, or 0.73%, to $93.40 per barrel.