Azeri Light crude oil saw significant gains on global markets last Friday, increasing by $5.5 or 4.6% to settle at $124.76 per barrel.
This surge marks a notable uptick in the price of Azeri Light, which had previously reached an all-time low of $15.81 per barrel on April 21, 2020. The record high for Azeri Light was set in July 2008 at $149.66 per barrel.
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