The price of Azerbaijani Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of Azerbaijani oil rose by $4.51, or 3.74%, to $125.19 per barrel.
Note that the previous price of Azerbaijani oil was $120.68 per barrel.
Recall that Azerbaijan's state budget for this year is based on an average price of $65 per barrel of Azeri Light crude oil.