Baku: Azeri Light crude oil saw a price increase of $0.39, or 0.39 percent, settling at $98.58 per barrel on Friday.

According to Azerbaijan State News Agency, this recent adjustment in the pricing of Azeri Light indicates a steady rise in the market. The current price remains significantly lower than the record high of $149.66 per barrel that was reached in July 2008. However, it is notably higher than the all-time low of $15.81 per barrel recorded on April 21, 2020.

The fluctuations in the price of Azeri Light crude oil are of significant interest to the global energy market, reflecting ongoing changes and trends in supply and demand dynamics.