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Azerbaijan Manat Steady Amid Mixed Oil Market Trends

4/5/2025

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Summary

Story summary

Azerbaijan's Central Bank has kept the manat steady at 1.7 per US dollar as of April 5. While the currency gained ground against the euro, it slipped against the ruble, holding firm against the lira. In the oil market, Azeri Light and Urals saw price drops, contrasting with Dated Brent's rise to $74.55 per barrel.

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Story summary

Azerbaijan's Central Bank has kept the manat steady at 1.7 per US dollar as of April 5. While the currency gained ground against the euro, it slipped against the ruble, holding firm against the lira. In the oil market, Azeri Light and Urals saw price drops, contrasting with Dated Brent's rise to $74.55 per barrel.