Baku: The price of Azeri Light crude oil increased by $0.51, or 0.74 percent, to settle at $69.39 per barrel on Wednesday.
According to Azerbaijan State News Agency, Azeri Light recorded its lowest price at $15.81 per barrel on April 21, 2020, while its highest price reached $149.66 per barrel in July 2008. The fluctuation in prices reflects broader trends in global oil markets and the geopolitical factors affecting supply and demand dynamics.