The price of Azeri Light (CIF) crude oil has slightly increased on the world market, APA-Economics reports.
The price of a barrel of Azerbaijani oil has increased by USD 0.70 or 0.88% to stand at USD 80,46.
The price of Azerbaijani oil has exceeded USD 80 dollars for the first time in May. It was last sold on April 29 at USD 83.8. On May 3, it fell to USD 79.04.
Note that the average price of a barrel of Azeri Light brand oil was 103,58 US dollars in 2022. Last year, "Azeri Light" (CIF) oil price increased by 44.6% compared to the indicator of 2021.