The price of Azerbaijan's Azeri LT CIF oil on the world market has risen by $0.63, or 0.83%, reaching $76.54 per barrel.
Meanwhile, February futures for Brent crude were trading at $73.52 per barrel, News.Az reports.For Azerbaijan's 2024 state budget, the average oil price was set at $75 per barrel.
The lowest price for Azeri Light was recorded on April 21, 2020, at $15.81, while the all-time high reached $149.66 in July 2008.
