During last week (16– 20 October) the average price of 1 barrel of Azeri Light (CIF) branded Azerbaijani oil in the world market was equal to USD 95,818 making $2,51 or 2,69% increase from the previous week's average price, APA-Economics reports.
The highest indicator (Friday) was $97,68, and the lowest indicator (Wednesday) was at the level of $94,28 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.