Baku: The price of Azeri Light crude oil experienced a notable increase, rising by $2.33, or 2.56 percent, to settle at $93.37 per barrel on Friday. This marks a significant change in the oil market as the price steadily climbs.

According to Azerbaijan State News Agency, the history of Azeri Light crude oil prices has seen considerable fluctuations. The all-time low was recorded at $15.81 per barrel on April 21, 2020, during a period of global economic uncertainty. In contrast, the record high for Azeri Light was $149.66 per barrel in July 2008, reflecting the dynamic nature of oil markets over the years.