Baku: The price of Azeri Light crude oil has increased by $0.32, or 0.37 percent, reaching $86.83 per barrel as of Thursday.

According to Azerbaijan State News Agency, this price adjustment marks a significant point in the pricing trajectory of Azeri Light crude oil. Historically, the lowest recorded price for Azeri Light was $15.81 per barrel on April 21, 2020. Conversely, its peak was $149.66 per barrel in July 2008.