Azeri Light Exceeds $125 per Barrel

Crude oil benchmarks demonstrated upward momentum across international energy markets during recent trading sessions.

Global benchmark Brent crude stood at $120.61 per barrel. Azerbaijan's flagship Azeri Light crude advanced to $125.42 per barrel, while crude traded on a FOB basis out of the Turkish port of Ceyhan (BTC FOB) reached $115.12 per barrel. Concurrently, Russian Urals blend was priced at $92.21 per barrel.

N. Tebrizli