Bank Of Baku

Azerbaijani oil fell below $101 last week

Azerbaijani oil fell below $101 last week
# 02 October 2023 10:02 (UTC +04:00)

During last week (25 – 29 September) the average price of 1 barrel of Azeri Light (CIF) branded Azerbaijani oil in the world market was equal to USD 100,586 making a $0,576 or 0,57% decrease from the previous week's average price, APA-Economics reports.

The highest indicator (Wednesday) was $102,7, and the lowest indicator (Monday) was at the level of $99,06 during the week.

Note that the average price of a barrel of Azeri Light brand oil was 103,58 US dollars in 2022. Last year, Azeri Light (CIF) oil price increased by 44.6% compared to the indicator of 2021.

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