Baku: Azeri Light crude oil has seen a notable increase, with prices rising by $3.29 or 3.33 percent, culminating at $101.87 per barrel as of Saturday. This marks a significant shift in the market dynamics for Azeri Light, reflecting ongoing fluctuations in global oil prices.

According to Azerbaijan State News Agency, the price movement for Azeri Light reflects both historical and current trends in the oil market. The all-time low for Azeri Light was recorded at $15.81 per barrel on April 21, 2020, during a period of significant global economic disruption. Meanwhile, the record high for Azeri Light was $149.66 per barrel in July 2008, a time of heightened demand and limited supply in the global oil markets.