The price of Azerbaijani Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of Azerbaijani oil rose by $0.02, or 0.02%, reaching $119.7 per barrel.
Note that the previous price of Azerbaijani oil was $119.68 per barrel.
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.