Azerbaijani oil price nears $103

The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $3.35, or 3.37%, to $102.70 per barrel, Report informs.

Brent crude was traded at $97.41 per barrel.

The average oil price in Azerbaijan's state budget for 2023 was set at $60 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.