Azerbaijani oil price settles above $99

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has increased by $1.53, or 1.57%, to $99.06 per barrel, Report informs.

On the stock exchanges, October futures for Brent crude are traded at $94.88.

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.