The price of Azerbaijan’s Azeri Light crude on a CIF basis at the Italian port of Augusta rose by $0.41, or 0.4%, from the previous figure to $95.57 per barrel. The price of URALS crude rose by $1.30, or 2.1%, from the previous figure to $64.83 per barrel. The price of Dated Brent crude produced in the North Sea rose by $1.41, or 1.5%, from the previous figure to $93.33 per barrel. Azerbaijan’s state budget for 2026 is based on an average oil price of $65 per barrel. According to industry data, U.S. crude oil inventories rose by 9.1 million barrels last week, marking the largest increase since February.