Price of Azerbaijani oil exceeds $94

Azerbaijani Azeri Light (CIF) crude oil has risen in price on world markets.

As APA-Economics reports, the price of one barrel of Azerbaijani oil rose by $3.27, or 3.58%, and amounted to $94.58.

Note that the previous price of Azerbaijani oil was $91.31.

Recall that Azerbaijan's state budget for the current year sets the average price of one barrel of Azeri Light oil at $65.