Price of Azerbaijani oil reaches $89

The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $1.83, or 2.1%, to $89 per barrel, Report informs.

August futures for Brent crude were traded at $86.8 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.