Azerbaijani oil price nears $79

The price of Azerbaijan's Azeri LT CIF oil in the world market has risen by $0.82, or 1.02%, to $78.58 per barrel, Report informs.

The Brent crude price was traded at $76.61 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.