The price of Azerbaijan's Azeri LT CIF oil on the global market increased by $3.24, or 4.41%, reaching $76.77 per barrel, News.Az reports.
In comparison, November futures for Brent crude were trading at $72.31 per barrel.For 2024, the average oil price forecast in Azerbaijan's state budget is set at $75 per barrel.
Azeri Light's lowest price was recorded on April 21, 2020, at $15.81 per barrel, while its highest price reached $149.66 in July 2008.
