In global markets, the price of Azerbaijani oil of the Azeri Light (CIF) brand continues to rise, APA-Economics reports.
The price of 1 barrel of Azerbaijani oil increased by USD 1.06 US or 1.5% compared to the previous day, reaching USD 71.85. The previous price of Azerbaijani oil was USD 70.79.
Note that in Azerbaijan's state budget for this year, the average price of 1 barrel of Azeri Light brand Azerbaijani oil is calculated at USD 70. Since April 4, the price of local oil has been below USD 70. The last three trading prices of Azeri Light have exceeded USD 70.
