The price of a barrel of Azerbaijani Azeri Light crude oil rose by $1.95, or 2.64%, to $75.66 per barrel on the global market.
AI will summarize what happened, why it matters and what it means for business.
At the close of trading, the price of September futures for Brent crude oil stood at $71.87 per barrel.
The price of Azerbaijani oil at Turkey's Ceyhan port on FOB terms rose by $1.79, or 2.51%, to $72.94 per barrel.
Azerbaijan's state budget for this year has set the oil price at $65 per barrel.
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Azerbaijan's state budget sets oil price at $65 per barrel
Azeri Light crude price rises by $1.95 to $75.66 per barrel
Azeri Light FOB price at Ceyhan rises by $1.79 to $72.94 per barrel
September Brent futures settle at $71.87 per barrel