Azeri Light (CIF) crude oil from Azerbaijan has increased in price on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by $1.45, or 2.14%, to $69.31.
Note that the previous price of Azerbaijani oil stood at $67.86 per barrel.
Recall that Azerbaijan’s state budget for this year was calculated based on an average price of $65 per barrel of Azeri Light crude.
