Baku: The price of Azerbaijani crude oil has exceeded $117 per barrel. A barrel of Azeri Light crude rose by $9.63, or 8.90%, reaching $117.79.

According to Azerbaijan State News Agency, the lowest price ever recorded for Azeri Light was $15.81 per barrel on April 21, 2020, while the highest price stood at $149.66 per barrel in July 2008.