The price of Azerbaijani Azeri Light (CIF) crude oil has decreased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil decreased by $5.11, or 4%, to $122.49.
Note that the previous price of Azerbaijani oil was $127.6 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.