Azerbaijani oil price rebounds

The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $0.56, or 0.78%, to $71.96 per barrel, Report informs.

May futures for Brent crude were traded at $70.31 per barrel.

The average oil price in Azerbaijan's state budget for 2025 was set at $70 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.