BAKU, Azerbaijan, December 14. 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 $0.85 (1.13 percent) compared to last week and amounted to $76.13 per barrel. The maximum price during the period reached $76.56 per barrel, while the minimum price reached $75.49 per barrel.
Azeri Light crude oil price averaged $74.87 per barrel FOB in Türkiye's Ceyhan port this week, up $0.88, or 1.18 percent, from last week. The maximum price was $75.3 per barrel, and the minimum was $74.2 per barrel.
URALS crude oil price increased by $0.15 (0.25 percent) from last week to $60.65 per barrel. The highest price for URALS reached $61.69 per barrel, and the lowest price reached $60.15 per barrel.
Dated Brent, the benchmark crude oil grade, gained $0.21 (0.28 percent) to average $74.14 per barrel. The peak price for Dated Brent reached $75.09 per barrel, and the floor price was $73.61 per barrel.
| Oil grade/date | 09.12.2024 | 10.12.2024 | 11.12.2024 | 12.12.2024 | 06.12.2024 | Average price |
| Azeri LT CIF | $75.49 | $75.91 | $76.54 | $76.15 | $76.56 | $76.13 |
| Azeri Light FOB Ceyhan | $74.20 | $74.66 | $75.30 | $74.89 | $75.28 | $74.87 |
| Urals (EX NOVO) | $60.31 | $60.33 | $60.75 | $60.15 | $61.69 | $60.65 |
| Dated Brent | $73.76 | $73.90 | $74.32 | $73.61 | $75.09 | $74.14 |