BAKU, Azerbaijan, October 19. Oil prices have fallen this week, Trend reports.
The average price of Azeri Light oil on a CIF basis, produced at the Azeri-Chirag-Guneshli field in Azerbaijan, decreased by $5.08 (6.32 percent) compared to last week and amounted to $75.42 per barrel. The maximum price for the mentioned period reached $78.68 per barrel, while the minimum price reached $73.26 per barrel.
Azeri Light crude oil price averaged $73.87 per barrel FOB in Türkiye's Ceyhan port this week, which is $5.19, or 6.56 percent less than last week. The highest price was $77.19 per barrel, and the lowest was $71.7 per barrel.
URALS crude oil price decreased by $4.13 (6.23 percent) from last week to $62.08 per barrel. The top price for URALS reached $65.2 per barrel, while the minimum price stood at $60.32 per barrel.
Dated Brent benchmark crude oil price dropped by $4.86 (6.13 percent) to $74.38 per barrel. The peak price for Dated Brent reached $77.81 per barrel, and the floor price was $72.55 per barrel.
| Oil grade/date | 14.10.2024 | 15.10.2024 | 16.10.2024 | 17.10.2024 | 18.10.2024 | Average price |
| Azeri LT CIF | $78,68 | $74,75 | $75,26 | $75,13 | $73,26 | $75,42 |
| Azeri Light FOB Ceyhan | $77,19 | $73,20 | $73,71 | $73,57 | $71,70 | $73,87 |
| Urals (EX NOVO) | $65,20 | $61,25 | $61,76 | $61,89 | $60,32 | $62,08 |
| Dated Brent | $77,81 | $73,53 | $73,94 | $74,08 | $72,55 |
$74,38 |
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