Azerbaijani oil of the Azeri Light (CIF) grade has risen in price on world markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil increased by $2.72, or 2.68%, to $104.40.
Note that the previous price of Azerbaijani oil was $101.68 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.