The price of Azerbaijan's Azeri Light crude oil increased by 1.85% to $100.56 per barrel, while Brent traded at $94.17.
AI will summarize what happened, why it matters and what it means for business.
The price of one barrel of Azerbaijani Azeri Light crude oil on the world market rose by $1.83, or 1.85%, to $100.56.
At the close of trading, the price of September futures for Brent crude oil stood at $94.17.
The price of Azerbaijani oil in Turkey's Ceyhan on FOB terms increased by $1.88, or 1.98%, to $96.69 per barrel.
Azerbaijan's state budget for this year has an oil price assumption of $65 per barrel.
Generated by AI. Please check key details when accuracy matters.
Azeri Light oil price was below $100
Azeri Light rose 1.85% to $100.56 per barrel
Brent traded at $94.17
oil price assumed at $65
Why prices rise and how inflation affects wages, business, loans and everyday costs. FinFly explains why it matters for Azerbaijan, business and readers in clear language.
What energy security meansEnergy security means the ability of a country and business to receive energy reliably, without critical dependence on one route or supplier. FinFly explains why it matters for Azerbaijan, business and readers in clear language.
Why prices riseHow demand, imports, logistics, exchange rates and company costs affect final prices. FinFly explains why it matters for Azerbaijan, business and readers in clear language.