Azerbaijan’s Azeri Light (CIF) crude oil has increased in price on global markets, APA-Economics reports.
The price of Azerbaijani oil rose by $6.43, or 5.55%, to $122.32 per barrel.
Note that the previous price of Azerbaijani oil stood at $115.89 per barrel.
Recall that the average price of Azerbaijani Azeri Light crude oil per barrel is set at $65 in the country’s state budget for this year.
