Baku:The price of Azeri Light crude oil increased by $2.25, reaching $121.95 per barrel on Friday. This marks a 1.9 percent rise in the oil's market value.

According to Azerbaijan State News Agency, the lowest-ever recorded price for Azeri Light was $15.81 per barrel on April 21, 2020. In contrast, the record high for this crude oil was $149.66 per barrel in July 2008.