Baku: The price of Azeri Light crude oil has experienced a surge in the global markets, increasing by $0.21, or 0.3%, to reach $68.34 per barrel. This rise marks a notable movement in the pricing of this significant energy commodity.
According to Azerbaijan State News Agency, Azeri Light crude oil has had a varied pricing history, with its lowest recorded price at $15.81 per barrel on April 21, 2020, and its highest price reaching $149.66 per barrel in July 2008. These fluctuations highlight the volatility and dynamic nature of oil prices in the global market.