Azeri Light crude oil price rises on world markets

Azerbaijani oil of the Azeri Light (CIF) grade has risen in price on world markets.

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.