Azeri Light trades above $108 as global crude prices climb

Azerbaijan's flagship crude grade, Azeri Light (CIF), was quoted at $108.18 per barrel amid a broad rally across international oil markets.

Global benchmark Brent crude stood at $108.68 per barrel. On a Free on Board (FOB) basis at the Turkish port of Ceyhan, Azeri Light (BTC FOB Ceyhan) traded at $104.99 per barrel, while Russia’s Urals blend was priced at $81.95 per barrel.

N.Tebrizli