Azeri Light crude drops to $69.43 per barrel

The price of one barrel of Azeri Light crude oil has decreased by $0.06, or 0.09%, settling at $69.43 on the global market, according to sources in the oil market, Report informs.

Brent crude oil futures for November delivery were priced at $67.60 per barrel based on trading results.

Meanwhile, at Türkiye's Ceyhan port, the price of Azeri Light oil on a FOB basis dropped by $0.04, or 0.06%, to $67.94 per barrel.

For comparison, Azerbaijan's state budget for this year is based on an average oil price of $70 per barrel.