The price of Azerbaijani Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of Azerbaijani oil rose by $2.27, or 1.95%, to $118.53 per barrel.
Note that the previous price of Azerbaijani oil was $116.26 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 oil.