Azerbaijan commodity markets see rise in metal and oil prices

During the week of August 10–14, 2026, Azerbaijan experienced upward trends in both precious metals and crude oil prices.

In the precious metals market, the average weekly price of gold rose by 5.2% to 7,435 manat ($4,370) per troy ounce. Silver prices saw a weekly average increase of 7.1%, reaching 110.15 manat ($64.8) per troy ounce. Platinum prices increased by 6.1% on average, totaling 2,969 manat ($1,750) per troy ounce.

In the energy sector, crude oil prices also saw growth. Azeri Light CIF crude, produced at the Azeri-Chirag-Gunashli field, averaged $94.55 per barrel, a 1.28% increase from the previous week. Azeri Light FOB Ceyhan averaged $91.62 per barrel, up 1.45%. Additionally, Dated Brent crude averaged $92.72 per barrel, representing a 5.49% increase, while Urals crude rose by 8.76% to an average of $64.18 per barrel.