Azerbaijani oil price approaches $74

The price of Azerbaijan's Azeri LT CIF oil in the global market increased by $1.79, or 2.49%, reaching $73.66 per barrel, News.Az reports.

In comparison, December futures for Brent crude were trading at $73 per barrel.

The average oil price projected in Azerbaijan's state budget for 2024 is set at $75 per barrel.

Historically, the lowest price for Azeri Light was recorded on April 21, 2020, at $15.81, while the all-time high reached $149.66 in July 2008.

News.Az