Azeri Light crude falls to $69.61 amid market fluctuations

The price of Azeri Light crude oil has dropped by $0.25, or 0.36%, settling at $69.61 per barrel on the world market, Report informs, citing sources in the oil trading sector.

Meanwhile, Brent crude futures for December delivery were priced at $67.43 per barrel following the latest trading session.

At Türkiye's Ceyhan port, the FOB (Free on Board) price of Azeri Light also declined by $0.25, or 0.36%, to $68.07 per barrel.

For 2025, Azerbaijan's state budget is based on an average oil price of $70 per barrel. The recent dip places current market prices slightly below this benchmark.