Azeri Light extends rally, hits $122.7 per barrel

The price of Azerbaijani Azeri Light crude continued to rise on global markets, reaching $122.7 per barrel, according to domestic media.

The increase amounted to $4.91, or 4.17%, reflecting ongoing upward pressure on oil prices.

For historical context, the lowest recorded price for Azeri Light was $15.81 per barrel on April 21, 2020, while its peak was reached in July 2008 at $149.66 per barrel.

By Tamilla Hasanova