Baku: In global markets, the price of Azerbaijani oil, branded Azeri Light (CIF), has increased, APA-Economics reports. The price of Azerbaijani oil per barrel rose by 1.34 USD, or 1.76%, reaching 77.53 USD. Noted that the previous price of Azerbaijani oil was 76.19 USD per barrel. According to Azeri-Press news agency, this increase in price reflects the changing dynamics in the global oil market. Azerbaijani oil, known for its quality, continues to be a significant player in the international energy sector. The recent rise in price may impact both national revenues and the broader market trends.
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