The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $1.86, or 2.5%, to $76.05 per barrel, Report informs.
February futures for Brent crude were traded at $73.77 per barrel.
The average oil price in Azerbaijan's state budget for 2024 was set at $75 per barrel.
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.