Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has increased on world markets, APA-Economics reports. The price of one barrel of Azerbaijani oil has risen by 0.43 US dollars or 0.62%, reaching 69.74 US dollars.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 69.31 US dollars. It should be noted that in Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light brand oil has been calculated at 70 US dollars.