Azerbaijani oil price tops $77

The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $1.34, or 1.76%, to $77.53 per barrel, News.Az reports.

Meanwhile, January futures for Brent crude were trading at $75.53 per barrel.

For 2024, Azerbaijan's state budget has set the average oil price at $75 per barrel.

Azeri Light’s lowest price was recorded on April 21, 2020, at $15.81 per barrel, while its all-time high of $149.66 was reached in July 2008.

News.Az