BAKU, Azerbaijan, October 5. Oil prices have increased this week, Trend reports.
The average price of Azeri Light crude oil on a CIF basis produced at the Azeri-Chirag-Guneshli field in Azerbaijan increased by $1.6 (2.09 percent) compared to last week and amounted to $78.26 per barrel. The maximum price during the mentioned period reached $81.47 per barrel, while the minimum price reached $75.19 per barrel.
Azeri Light crude oil price averaged $77.12 per barrel FOB at the Turkish port of Ceyhan this week, which is $1.49, or 1.98 percent, higher than last week. The highest price was $80.17 per barrel, and the lowest was $74.18 per barrel.
URALS crude oil price gained $2.19 (3.6 percent) on last week's average price of $63.15 per barrel. The top price for URALS reached $66.49 per barrel, and the bottom price reached $59.92 per barrel.
The Dated Brent benchmark oil price increased by $1.93 (2.61 percent) to $76.08 per barrel. The maximum price for Dated Brent reached $79.39 per barrel, and the minimum was $72.9 per barrel.
| Oil grade/date | 30.09.2024 | 01.10.2024 | 02.10.2024 | 03.10.2024 | 04.10.2024 | Average price |
| Azeri LT CIF | $75,19 | $77,69 | $76,89 | $80,04 | $81,47 | $78,26 |
| Azeri Light FOB Ceyhan | $74,18 | $76,67 | $75,79 | $78,78 | $80,17 | $77,12 |
| Urals (EX NOVO) | $59,92 | $62,44 | $61,86 | $65,02 | $66,49 | $63,15 |
| Dated Brent | $72,90 | $75,38 | $74,78 | $77,95 | $79,39 | $76,08 |