Baku:The price of Azerbaijani Azeri Light (CIF) crude oil has experienced a slight increase in the global markets.
According to Azeri-Press news agency, the price rose by $0.02, or 0.02%, reaching $119.7 per barrel. The previous price was recorded at $119.68 per barrel.
It is noteworthy that Azerbaijan’s state budget for the current year was based on an average price of $65 per barrel for Azeri Light crude oil.