Azerbaijani oil price nears $89

The price of Azerbaijan's Azeri LT CIF oil in the world market has increased by $0.85, or 0.96%, to $88.91 per barrel, Report informs.

Yesterday, Brent crude futures traded at $85.12 per barrel.

The average oil price in Azerbaijan's state budget for 2022 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.