Azerbaijani oil price settles below $87 a barrel

The price of Azerbaijan's Azeri LT CIF oil in the world market has fallen by $0.48, or 0.56%, to $86.61 per barrel, Report informs.

Brent crude was traded at $83.54 per barrel.

The average oil price in Azerbaijan's state budget for 2024 was set at $60 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.