The price of Azerbaijan’s Azeri Light crude oil increased by $1.15, or 0.97%, to $119.68 per barrel on the global market.

At the Free on Board (FOB) basis at Türkiye’s Ceyhan port, Azeri Light rose by $1.54, or 1.43%, to $109.21 per barrel, according to Report.

Historically, the lowest price for Azeri Light was recorded on April 21, 2020, at $15.81 per barrel. Its all-time high was reached in July 2008, when the price climbed to $149.66 per barrel.