The price of Azerbaijan's Azeri Light crude fell by 5.22% to $91.68 per barrel, while Brent declined to $85.96.
AI will summarize what happened, why it matters and what it means for business.
The price of one barrel of Azerbaijani crude oil grade Azeri Light on the world market decreased by $5.05, or 5.22%, to $91.68.
At the close of trading, the price of September futures for Brent crude oil stood at $85.96.
The price of Azerbaijani oil in Turkey's Ceyhan on FOB terms decreased by $4.66, or 4.98%, to $88.88 per barrel.
Azerbaijan's state budget for this year has set the oil price at $65 per barrel.
Generated by AI. Please check key details when accuracy matters.
Azeri Light price fell 5.22% to $91.68 per barrel
Brent price stood at $85.96 per barrel
Azeri Light FOB price in Ceyhan fell 4.98% to $88.88 per barrel
Azerbaijan's state budget assumes oil at $65 per barrel
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