Baku: Azeri Light crude oil decreased in price by $9.57, or 8.07 percent, reaching $108.99 per barrel on Thursday. This marks a significant drop from its recent standing.

According to Azerbaijan State News Agency, the all-time low for Azeri Light was $15.81 per barrel on April 21, 2020, while its record high reached $149.66 per barrel in July 2008. The current price adjustment reflects ongoing fluctuations in the global oil market.