Azerbaijani oil price rises on world markets
The price of a barrel of Azerbaijan's Azeri Light crude rose 2.4% to $125.42 on world markets.
The price of a barrel of Azerbaijani Azeri Light (CIF) crude rose by $2.93, or 2.4%, reaching $125.42 on world markets. The previous price stood at $122.49 per barrel. Azerbaijan's state budget for this year was calculated based on an average Azeri Light price of $65 per barrel. The current market price is therefore significantly higher than the budgeted forecast.
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