Azerbaijani oil price hits $118
The Azerbaijani oil price has increased on the world markets, News.Az reports.
The price of a barrel of Azeri Light crude oil rose $2.07 to trade at $118.17.
The state budget of Azerbaijan for 2022 sets the average oil price at $50 a 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.