Azerbaijani oil price settles above $101

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has increased by $4.47, or 4.76%, to $101.07 per barrel, Report informs.

On the stock exchanges, October futures for Brent crude are traded at $100.22.

The average oil price in Azerbaijan's state budget for 2022 was set at $85 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.