Commodities
Azeri Light Crude Price Jumps 11.23% Amid Global Oil Market Volatility
The price of Azeri Light crude oil rose significantly this week in Azerbaijan. According to Trend's calculations, the average price of Azeri Light (CIF) crude increased by $11.48, or 11.23%, compared to the previous week, reaching $113.67 per barrel.
The highest price for Azeri Light (CIF) crude during the week was $120.02 per barrel, while the lowest was $107.31 per barrel. The average FOB price of Azeri Light crude at the Turkish port of Ceyhan was $109.84 per barrel.
The price of Urals crude also rose by $10.31, or 13.59%, compared to the previous week, reaching $86.19 per barrel. Dated Brent crude averaged $113.66 per barrel, up $14.91, or 15.1%, from the previous week.