The price of Azerbaijani oil has traded above $122 per barrel, APA-Economics reports.
The price of a barrel of Azerbaijani Azeri Light crude fell by $5.88, or 4.83%, to $122.15.
Previously, Azerbaijani oil was traded at $128.03 per barrel.
Note that Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.