Baku:The price of Azeri Light crude oil saw a decrease of $5.11, or 4 percent, settling at $122.49 per barrel on Wednesday.

According to Azerbaijan State News Agency, the current price change in Azeri Light reflects a notable drop from its previous value. Historically, the all-time low for Azeri Light was recorded at $15.81 per barrel on April 21, 2020, while its highest price was $149.66 per barrel in July 2008.