Azerbaijani oil price tops $88

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has increased by $0.65 or 0.69% to $88.08 per barrel, Report informs.

Yesterday, the Brent crude February futures traded at $83.46 per barrel.

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.