Baku: The price of a barrel of Azeri Light crude oil increased by $1.34, or 1.76%, reaching $77.53. Azeri Light crude is a significant export product for Azerbaijan, and its price fluctuations are closely monitored by both investors and policymakers.

According to Azerbaijan State News Agency, Azeri Light crude saw its lowest price on April 21, 2020, at $15.81 per barrel. In contrast, its highest price was recorded in July 2008, when it reached $149.66 per barrel. These historical price points highlight the volatility and unpredictability of the global oil market.