Baku: The price of Azeri Light (CIF) branded Azerbaijani oil has increased on global markets, APA-Economics reports. The price of one barrel of Azerbaijani oil rose by $1.38 or 2.07%, reaching $68.10.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was $66.72 per barrel. It is notable that in Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light oil is calculated at $70.