The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $0.65, or 0.74%, to $88 per barrel, Azernews reports.

August futures for Brent crude were traded at $85.07 per barrel.

The average oil price in Azerbaijan's state budget for 2024 was set at $60 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.