The price of Azerbaijani Azeri Light crude fell by 5.04% to $96.73 per barrel, while Brent dropped to $91.43.
AI will summarize what happened, why it matters and what it means for business.
The price of one barrel of Azerbaijani Azeri Light crude on the world market fell by $5.14, or 5.04%, to $96.73.
At the close of trading, the price of September futures for Brent crude stood at $91.43.
The price of Azerbaijani oil in Turkey's Ceyhan port on a FOB basis fell by $4.71, or 4.79%, to $93.54 per barrel.
Azerbaijan's state budget for this year has set the oil price at $65.
Generated by AI. Please check key details when accuracy matters.
Azeri Light was above $100 per barrel
Azeri Light fell 5.04% to $96.73
Brent September futures at $91.43
Azeri Light FOB Ceyhan fell 4.79% to $93.54
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