Azeri Light Crude Price Surges to $98.58 Per Barrel

The price of Azerbaijan's Azeri Light crude oil has reached $98.58 per barrel on a CIF basis at Italy's Augusta port, marking an increase of $0.39 or 0.4% from the previous trading session.

This is according to reports by AzerNEWS, which also noted that the price of Azeri Light on an FOB basis at Turkey's Ceyhan port rose by $0.74 or 0.79% to $94.86 per barrel.

The prices of other crude oils have also seen significant increases, with URALS crude growing by $1.51 or 2.5% from the previous session to $61.99 per barrel, and North Sea Dated Brent crude rising by $0.96 or 1.1% to $92.16 per barrel.