Baku: The price of Azeri Light crude oil rose by $0.21, or 0.30%, reaching $70.08 per barrel on Thursday.

According to Azerbaijan State News Agency, the lowest recorded price for Azeri Light was $15.81 per barrel on April 21, 2020, while the highest was $149.66 per barrel in July 2008. The recent increase marks a notable shift in the pricing of this specific crude oil, reflecting ongoing changes in the global oil market.