Oil Benchmarks: Azeri Light Trades at $118.53 per Barrel

Crude oil benchmarks recorded fresh updates on global commodity exchanges. Brent crude stood at $117.61 per barrel, while Azerbaijan's flagship Azeri Light was priced at $118.53 per barrel.

On an FOB Ceyhan basis, BTC crude traded at $107.67 per barrel. Meanwhile, Russia's Urals blend was priced at $85.61 per barrel.