The price of Azerbaijan's Azeri Light crude increased by 0.43% to $95.57 per barrel on the global market.
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 global market rose by $0.41, or 0.43%, to $95.57.
At the close of trading, the price of September futures for Brent crude stood at $93.33.
The price of Azerbaijani oil in Turkey's Ceyhan port on a FOB basis increased by $0.43, or 0.46%, to $92.75.
Azerbaijan's state budget for this year has set the oil price at $65 per barrel.
Azeri Light oil price was $95.16 per barrel
The price of Azeri Light crude rose by 0.43% to $95.57 per barrel.
Further oil price movements are expected depending on global factors.
Why crude has several prices, what an Azeri Light premium or discount means and which numbers matter for Azerbaijan.
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