Baku: The cost of Azerbaijani Azeri Light crude oil has seen an increase of $0.95, reaching $74.8 per barrel based on CIF in the Italian port of Augusta on November 1, compared to the previous figure.

According to Trend News Agency, the price of Azeri LT FOB Ceyhan also experienced a rise, going up by $0.97 to settle at $73.66 per barrel. In addition, the price of URALS crude oil increased by $0.79, bringing it to $61.55 per barrel.

Overall, the price of a barrel of Dated Brent oil, produced in the North Sea, grew by $0.81 on November 1, reaching $74.17 when compared to the prior indication. The official exchange rate on November 2 is reported as 1.7 AZN/1 USD.