Azeri Light Crude Climbs to $127.6 per Barrel

The price of Azerbaijan's flagship Azeri Light (CIF) crude recorded an increase on international markets. The cost of one barrel rose by $1.01, or 0.8%, to reach $127.6, up from the previous session's close of $126.59 per barrel. Notably, Azerbaijan's state budget calculates oil revenues based on a baseline benchmark of $65 per barrel.

N. Tebrizli