Azerbaijan commodity markets see rise in metal and oil prices

During the week of August 17–21, 2026, Azerbaijan experienced price increases across several key commodities, including precious metals and crude oil.

In the precious metals market, the average weekly price of gold rose by 1.3% to 7,535.5 manat ($4,432.65) per troy ounce. Silver prices saw a 1.7% increase, reaching an average of 112.06 manat ($65.92) per troy ounce. Platinum prices grew by 1.8%, with an average weekly price of 3,024.4 manat ($1,779.06).

In the energy sector, the average price of Azeri Light CIF crude oil, produced at the Azeri-Chirag-Gunashli field, rose by 0.51% to $95.03 per barrel. The average price for Azeri Light FOB at the Ceyhan port in Turkey was $91.52 per barrel, a slight decrease of 0.12% from the previous week. Additionally, Urals crude oil prices increased by 5.14% to $67.48 per barrel, while Dated Brent averaged $92.95 per barrel, up 0.25% from the prior week.