Azeri Light crude price ticks slightly lower to $95.50 per barrel

The price of Azerbaijan's flagship Azeri Light (CIF) crude oil experienced a slight dip on global commodity markets.

The price of one barrel of Azeri Light decreased by $0.07, or 0.07%, to settle at $95.50. Prior to this, the benchmark had been quoted at $95.57 per barrel.

For context, Azerbaijan's state budget for the current year is calculated based on an average oil price baseline of $65 per barrel.

N.Tebrizli