Baku: The price of Azerbaijani Azeri Light (CIF) brand oil continued to rise in world markets, APA-Economics reports. The price of 1 barrel of Azerbaijani oil increased by 4.19 US dollars or 5.7% yesterday and traded at 77.64 US dollars.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 73.45 US dollars. It should be noted that in this year's state budget of Azerbaijan, the average price of 1 barrel of Azerbaijani oil of the Azeri Light brand was calculated at 70 US dollars.