Baku:The price of Azeri Light crude oil decreased by $6.64, marking a 5.85 percent decline, settling at $106.81 per barrel on Thursday.

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