Azeri Light crude price rises to $75.49

The price of Azeri Light crude rose by $0.79, or 1.06%, to $75.49 per barrel on global markets.

At the FOB Ceyhan basis, the price climbed by $0.83, or 1.13%, reaching $74.29 per barrel.

September futures for Brent crude stood at $72.05, according to trading data.

Azerbaijan's 2024 state budget is based on an average oil price of $70 per barrel.