Baku:Azeri Light crude oil experienced an increase in price, rising by $0.60, or 0.48 percent, to reach $124.61 per barrel on Tuesday.

According to Azerbaijan State News Agency, the price for Azeri Light has fluctuated significantly over the years, with an all-time low of $15.81 per barrel on April 21, 2020. The highest recorded price was $149.66 per barrel in July 2008.