Azeri Light Crude Rises to $119.68 per Barrel

Azerbaijan's flagship crude oil benchmark, Azeri Light (CIF), posted fresh gains on international commodity markets. The price per barrel rose by $1.15, or 0.97%, to settle at $119.68.

The previous trading session closed with Azeri Light at $118.53 per barrel. In Azerbaijan’s state budget for the current year, the baseline average oil price is set at $65 per barrel.

N. Tebrizli