Baku: Azerbaijan’s Azeri Light (CIF) crude oil has risen in price on global markets, APA-Economics reports. The price of Azerbaijani oil increased by $1.11, or 1.54%, to $73.31 per barrel.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil stood at $72.20 per barrel. It should be noted that the average price of Azeri Light crude oil was set at $65 per barrel in Azerbaijan’s state budget for this year.