Azerbaijani oil price nears $119 a barrel

The Azerbaijani oil price keeps increasing on world markets, News.Az reports.

The price of a barrel of Azeri Light crude oil rose $0.16 to trade at $118.78.

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.


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