Azerbaijani Azeri Light (CIF) crude oil has risen in price on global markets, APA-Economics reports.
The price of a barrel of Azerbaijani oil increased by $3.27, or 3.58%, to $94.58.
The previous price of Azerbaijani oil was $91.31.
Note that Azerbaijan’s state budget for this year was calculated based on an average price of $65 per barrel of Azeri Light crude oil.