Azerbaijani oil price exceeds $97

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The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has risen by $1.36 or 1.42% to $97.46 per barrel, Report informs.

Brent crude is currently trading at $91.55 a barrel.

The average oil price was set at $50 a barrel in the state budget of Azerbaijan for 2022.

The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.