Global energy markets are currently experiencing heightened volatility due to a combination of geopolitical tensions, supply constraints, and shifting demand patterns. The price of Brent crude oil, which serves as a key international benchmark, has been particularly sensitive to developments in major producing regions.

The price of Azerbaijan's Azeri LT CIF oil rose by $2.99, or 2.46%, to reach $124.24 per barrel in the global market.

Brent crude oil, the international benchmark, topped 90 U.S. dollars per barrel during Friday's session, the first time since April 2024, trading data showed.

Oil prices edged higher in Asian trading on Thursday after Saudi Arabia's state oil company sharply increased March prices.

On September 18, 2024, the price of Brent crude oil futures for November on the London ICE Futures exchange fell by 0.07%, to $73.65 per barrel. WTI crude oil futures for November on the electronic trading of the New York Mercantile Exchange (NYMEX) fell by 0.11%, to $69.88 per barrel, News.Az reports.