Baku: The price of Azerbaijani oil has decreased on global markets. Azeri Light crude saw a drop of $2.88, settling at $72.46 per barrel. According to Azerbaijan State News Agency, this price change marks a 3.8 percent decline. Historically, Azeri Light reached an all-time low of $15.81 per barrel on April 21, 2020. In contrast, its all-time high was $149.66 per barrel in July 2008.