Baku: Price of Azerbaijani Azeri Light (CIF) crude oil rises on global markets, APA-Economics reports. The price of one barrel of Azerbaijani crude oil increased by $0.37 or 0.51%, reaching $72.49.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was $72.12 per barrel. The average price of one barrel of Azeri Light crude oil in Azerbaijan’s state budget for this year is calculated at $70.