The price of Azerbaijani oil of the Azeri Light (CIF) brand has increased on world markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by USD 3.79 or 5% yesterday, reaching USD 79.58.
The previous price of Azerbaijani oil was USD 75.79 per barrel.
Note that in Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light oil is calculated at USD 70.
