Commodities
Oil Prices Skyrocket Amid Escalating US-Iran Conflict
Azerbaijan's oil prices have seen significant increases over the past few days. According to sources in the oil market, the CIF price of Azeri Light crude at Italy's Augusta port has risen by $6.22, or 5.49%, from the previous level to $119.54 per barrel.
The FOB price of Azeri Light crude at Ceyhan port in Türkiye has also increased, going up by $5.68, or 5.17%, to $115.55 per barrel.
The price of Urals crude has grown by $5.67, or 6.62%, from the previous level to $91.27 per barrel.
Meanwhile, the price of North Sea “Dated Brent” crude rose by $6.05, or 5.29%, to $120.31 per barrel.