Azerbaijani oil price nears $75
The price of Azerbaijan's Azeri LT CIF oil has increased by $1, or 1.3%, reaching $74.80 per barrel in the world market.
In comparison, January futures for Brent crude are trading at $73.10 per barrel, News.Az reports.For the 2024 state budget, Azerbaijan has set the average oil price at $75 per barrel.
Notably, the lowest price for Azeri Light was recorded at $15.81 on April 21, 2020, while the all-time high reached $149.66 in July 2008.
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