Baku: Azeri Light crude oil experienced an increase in price, settling at $104.4 per barrel on Thursday. This marked a rise of $2.72, or 2.68 percent, from the previous trading session.

According to Azerbaijan State News Agency, the current price increase highlights the volatility in the crude oil market. Azeri Light has seen significant fluctuations in its pricing history, with its lowest recorded price being $15.81 per barrel on April 21, 2020, and its highest at $149.66 per barrel in July 2008.

The changes in the price of Azeri Light are closely monitored by market analysts and stakeholders in the energy sector, as they reflect broader trends in global oil demand and supply dynamics.