Price of Azerbaijani oil drops below $87

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $2.12, or 2.4%, to $86.34 per barrel, Report informs.

September futures for Brent crude were traded at $82.41 per barrel.

The average oil price in Azerbaijan's state budget for 2024 was set at $75 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.