Azerbaijani oil price keeps rising

The price of Azerbaijan's Azeri LT CIF oil in the world market has risen by $0.8, or 1.04%, to $77.76 per barrel, Report informs.

The Brent crude price was traded at $75.67 per barrel.

The average oil price in Azerbaijan's state budget for 2023 was set at $50 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.