Baku: In the world markets, the price of Azerbaijani oil of the Azeri Light (CIF) brand has decreased.
According to Azeri-Press News Agency, the price of one barrel of Azerbaijani oil dropped by USD 1.70 or 2.50%, reaching USD 66.65.
The previous price of Azerbaijani oil was USD 68.35. This decrease signifies a shift in the global oil market dynamics, impacting the valuation of Azeri Light oil.