Baku: The price of Azerbaijan’s Azeri Light (CIF) crude oil has risen on global markets, as reported by APA-Economics. The cost of one barrel of Azerbaijani oil increased by $0.92, or 1.29%, reaching $72.14.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil stood at $71.22 per barrel. The average price of one barrel of Azeri Light oil has been calculated at $70 in Azerbaijan’s state budget for this year.