The price of Azerbaijani Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of a barrel of Azerbaijani oil rose by $1.15, or 0.97%, to $119.68.
Note that the previous price of Azerbaijani oil was $118.53 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.