The price of Azerbaijan's Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by $0.78, or 1.1%, to $73.71.
Note that the previous price of Azerbaijani oil stood at $72.93 per barrel.
Recall that the average price of one barrel of Azeri Light crude oil was set at $65 in Azerbaijan's state budget for this year.