Commodities
Azeri Light Oil Price Rises at Augusta Port Amid Global Trend
The price of Azeri Light crude oil at Italy's Augusta port has increased by $0.48, or 0.4%, to $120.02 per barrel on a CIF basis.
This comes as part of a larger trend where global oil prices have risen 9.7% over the week.
The price increase at Augusta follows decreases in other regions: Azeri Light crude on a FOB basis at Türkiye's Ceyhan port dropped by $0.97, or 0.84%, to $114.58 per barrel, while Urals crude fell by $0.74, or 0.81%, to $90.53 per barrel.
The price of North Sea Dated Brent crude also decreased, down by $1.75, or 1.45%, from the previous level to $118.56 per barrel.