Baku: The price of Azeri Light crude oil experienced an increase of $0.41, or 0.43 percent, reaching $95.57 per barrel on Wednesday.

According to Azerbaijan State News Agency, the recent rise in price marks a continued upward trend for Azeri Light, which had hit an all-time low of $15.81 per barrel on April 21, 2020. In contrast, the record high for this crude oil was $149.66 per barrel in July 2008. The fluctuations in the price of Azeri Light reflect ongoing changes in the global oil market.