The price of Azerbaijan's Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of a barrel of Azerbaijani oil rose by $3.88, or 3.17%, to $126.16.
The previous price of Azerbaijani oil was $122.28 per barrel.
It should be recalled that Azerbaijan's state budget for this year was calculated based on an average price of $65 per barrel of Azeri Light crude oil.