The price of Azerbaijan’s Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by 5.85 US dollars, or 4.88%, reaching 125.83 US dollars.
It should be noted that the previous price stood at 119.98 US dollars per barrel.
Recall that Azerbaijan’s state budget for this year is based on an average oil price of 65 US dollars per barrel for Azeri Light crude.
