The price of Azerbaijan's Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil increased by $7.27, or 6.06%, to $127.29.
Note that the previous price of Azerbaijani oil was $120.02.
Recall that Azerbaijan's state budget for this year calculates the average price of one barrel of Azeri Light crude oil at $65.