The price of a barrel of Azerbaijani Azeri Light crude oil on the world market increased by $1.12, or 1.56%, to $72.93 per barrel.
AI will summarize what happened, why it matters and what it means for business.
Following trading, the price of September futures for Brent crude oil stood at $69.35 per barrel.
The price of Azerbaijani oil in Turkey's Ceyhan on a FOB basis rose by $1.16, or 1.67%, to $70.48 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 assumes oil at $65 per barrel
Azeri Light price rose by $1.12 to $72.93 per barrel
Brent crude price stood at $69.35 per barrel
Azerbaijani oil in Ceyhan FOB rose to $70.48 per barrel