BAKU, Azerbaijan, August 17. This week, there has been an increase in the price of oil, Trend reports.
The price of Azeri Light crude oil on a CIF basis, straight from the Azeri-Chirag-Guneshli field in Azerbaijan, shot up by $2.78 (a whopping 3.4 percent) compared to last week, reaching a solid $84.5 per barrel. The price during that time period hit the roof at $85.54 per barrel, while it hit rock bottom at $83.72 per barrel.
The Azeri Light crude oil price averaged $83.41 per barrel FOB in Türkiye's Ceyhan port this week, up $2.89, or 3.58 percent, from last week. The maximum price was $84.46 per barrel, and the minimum was $82.61 per barrel.
The URALS crude oil price averaged $2.63 (3.94 percent) higher than last week at $69.3 per barrel. The maximum price for URALS reached $69.99 per barrel and the minimum price reached $68.15 per barrel.
The benchmark Dated Brent crude oil average price rose by $4.06 (5.14 percent) to $83.19 per barrel. The maximum price for Dated Brent reached $84.17 per barrel, and the minimum - $82.25 per barrel.
| Oil grade/date | 12.08.2024 | 13.08.2024 | 14.08.2024 | 15.08.2024 | 16.08.2024 | Average price |
| Azeri LT CIF | $84,66 | $84,49 | $84,11 | $85,54 | $83,72 | $84,50 |
| Azeri Light FOB Ceyhan | $83,54 | $83,41 | $83,03 | $84,46 | $82,61 | $83,41 |
| Urals (EX NOVO) | $69,80 | $69,60 | $68,96 | $69,99 | $68,15 | $69,30 |
| Dated Brent | $83,31 | $83,30 | $82,90 | $84,17 | $82,25 | $83,19 |
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