Weekly review: Azerbaijani oil prices rise

Azerbaijani oil prices have risen this week, Azernews reports.

The average price of Azeri LT CIF Augusta crude oil, produced in the Azeri-Chirag-Gunashli block of Azerbaijani fields, rose by $2.39 (2.85 percent) compared to the last week and amounted to $86.18 per barrel.

During the reporting period, the highest price reached $86.6 per barrel, and the lowest was $85.34 per barrel.

The average price of Azeri Light oil based on FOB in the Turkish port of Ceyhan this week was $84.45 per barrel, a $2.61 (3.19 percent) increase compared to the week before. The highest price was $84.81 per barrel, while the lowest was $83.68.

The average price of URALS crude oil grew by 2.4 cents (3.96 percent) from the week before to $62.9 per barrel. The greatest price for URALS was $64.06 per barrel, while the lowest price was $62.03 per barrel.

The average price for Brent crude oil increased by $2.42 (3.02 percent) and amounted to $82.63 per barrel. The maximum price for Brent reached $83.37 per barrel, and the minimum was $82.13 per barrel.