Azerbaijani oil price exceeds $130

Azerbaijan’s Azeri Light (CIF) crude oil has decreased in price on global markets.

The price of one barrel of Azerbaijani oil fell by $1.56, or 1.17%, to $130.79.

Note that the previous price of Azerbaijani oil stood at $132.35.

Recall that the average price of one barrel of Azeri Light crude oil in Azerbaijan’s state budget for this year has been set at $65.