Baku: Azeri Light crude oil experienced a price increase of $3.29, or 3.33 percent, bringing the cost to $101.87 per barrel on Saturday.

According to Azerbaijan State News Agency, the price adjustment marks a significant shift in the market. The all-time low for Azeri Light was recorded at $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.