Baku: The price of Azeri Light crude oil has increased by $1.06, or 1.50%, reaching $70.37 per barrel.

According to Azerbaijan State News Agency, this recent price marks a notable rise in the value of Azeri Light crude oil. Historically, 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 current price movement reflects ongoing fluctuations in the global oil markets, impacting both producers and consumers of this vital commodity.