Baku:Azeri Light crude oil saw a significant price increase as it rose by $4.51, or 3.7 percent, reaching $125.19 per barrel on Thursday.

According to Azerbaijan State News Agency, this price rise marks a notable change in the market for Azeri Light, which has experienced wide fluctuations in the past.

The all-time low for this type of crude oil was recorded at $15.81 per barrel on April 21, 2020. Conversely, the highest price ever recorded was $149.66 per barrel in July 2008.