Azerbaijani oil price settles above $86

The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $0.72, or 0.84%, to $86.26 per barrel, Report informs.

The Brent crude price traded at $82.69 per barrel.

The average oil price in Azerbaijan's state budget for 2023 was set at $50 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.