The price of Azeri Light crude oil fell by $1.37, or 2.1%, to settle at $63.76 per barrel.Azeri Light recorded its lowest price at $15.81 per barrel on April 21, 2020, and its highest at $149.66 in July 2008.
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.37, or 2.1%, to $63.76 per barrel, EDnews informs.
July futures for Brent crude were traded at $61.54 per barrel.The price of a barrel of Azerbaijani oil of the Azeri LT CIF on Free on Board basis at Türkiye's Ceyhan port fell by $1.34 or 2.1%, amounting to $62.06.
The average oil price in Azerbaijan's state budget for 2025 was set at $70 per barrel.The lowest price for Azeri Light was recorded on April 21, 2020, and the all-time high of $149.66 was fixed in July 2008.
Madina Mammadova\\EDnews
