The price of Azerbaijani Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by $2.25, or 1.88%, to $121.95.
Note that the previous price of Azerbaijani oil was $119.7.
Recall that Azerbaijan's state budget for this year was calculated based on an average price of $65 per barrel of Azeri Light crude oil.