The price of Azerbaijani oil has exceeded $126 on the global market, APA-Economics reports.
The price of a barrel of Azerbaijani Azeri Light crude oil increased by $4.64, or 3.81%, reaching $126.59.
Previously, Azerbaijani oil was traded at $121.95.
It should be noted that the average price of a barrel of oil in Azerbaijan's 2026 state budget is set at $65.