Azerbaijani oil price exceeds $124

The price of Azerbaijan’s “Azeri Light” (CIF) crude oil has increased in global markets, APA-Economics reports.

The price of Azerbaijani oil rose by $2.99, or 2.5%, to $124.24 per barrel.

Note that the previous price of Azerbaijani oil stood at $121.25 per barrel.

Recall that the average price of Azerbaijani oil in the state budget for this year was set at $65 per barrel