Tuesday, 02 January 2024 12:17 GMT

Higher Crude Prices Reinforce Azerbaijan's Position In Global Markets


(MENAFN- AzerNews)

Azerbaijani oil has edged higher this week, the country's crude traded near the low-$70s, with a reported rise of about $1.33 (1.84%) to $73.76 per barrel in one session, as global markets balance fresh flows, OPEC+ decisions and renewed geopolitical risk. Understanding how those forces interact is essential to gauge the near-term outlook for Azeri Light and the country's oil revenues. How recent market moves could affect Azerbaijani oil prices?

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