BAKU, Azerbaijan, March 9. Oil prices have increased this week, Trend reports.
The average price of Azeri Light crude oil on a CIF basis produced at Azerbaijan's Azeri-Chirag-Guneshli field increased by $0.28 (0.32 percent) compared to last week and amounted to $87.66 per barrel. The maximum price during the period reached $88.76 per barrel, while the minimum price reached $86.32 per barrel.
The average price of Azeri Light crude oil FOB at Türkiye's port of Ceyhan averaged $86.32 per barrel this week, up $0.15, or 0.17 percent, from last week. The maximum price was $87.38 a barrel, and the minimum was $84.9 a barrel.
The average price for URALS crude oil increased by $0.6 (0.9 percent) from last week to $67.01 per barrel. The maximum price for URALS reached $68.21 per barrel, and the minimum price reached $65.78 per barrel.
The average price of the benchmark Dated Brent crude oil grade rose by $0.69 (0.81 percent) to $85.32 per barrel. The maximum price for Dated Brent reached $86.41 per barrel, and the minimum was $83.62 per barrel.
| Oil grade/date | 04.03.2024 | 05.03.2024 | 06.03.2024 | 07.03.2024 | 08.03.2024 | Average price |
| Azeri LT CIF | $88,39 | $87,57 | $88,76 | $87,27 | $86,32 | $87,66 |
| Azeri Light FOB Ceyhan | $87,20 | $86,23 | $87,38 | $85,87 | $84,90 | $86,32 |
| Urals (EX NOVO) | $67,55 | $66,85 | $68,21 | $66,68 | $65,78 | $67,01 |
| Dated Brent | $86,27 | $85,36 | $86,41 | $84,92 | $83,62 | $85,32 |
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