The price of Azerbaijan’s Azeri Light (CIF) crude oil has increased in global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by $6.56, or 8.2%, reaching $86.16.
It should be noted that the previous price of Azerbaijani oil stood at $79.6 per barrel.
Recall that the average price of Azeri Light oil in Azerbaijan’s state budget for this year was calculated at $65 per barrel.