After a 2% surge in oil prices on Thursday, benchmark prices eased on August 15, while Caspian crude remained in positive territory. On Thursday, Brent crude futures rose by $1.16, or 1.77%, to $66.79 per barrel, and the price of U.S. West Texas Intermediate (WTI) crude increased by $1.29, or 2.06%, to $63.94. Today, Brent is priced at $66.40 per barrel (-0.66%), and WTI has fallen 0.77% to $63.47 per barrel. Azerbaijani Azeri Light is $73.03 per barrel (+0.10%), and Kazakhstan’s CPC Blend is $67.23 (+0.10%).

The bullish trend in the market is still driven by OPEC+ production policy, including the release of 2.2 million barrels per day of spare capacity a year ahead of schedule (originally planned to be phased out gradually by the end of September 2026), as well as cautious forecasts regarding new peace initiatives.