Price of Azeri Light crude oil rises over 4% on global market

According to media reports, Azeri Light rose by 4.37% to $68.51 per barrel.

The crude, shipped via pipeline from Baku to the Turkish port of Ceyhan, gained $2.79 and reached $66.65 per barrel, reflecting a 4.36% increase.

It should be noted that Azerbaijan's budget sets the oil price at $65.

The all-time high for Azeri Light was recorded in the summer of 2008, when prices peaked at $149.66 per barrel.