Baku: The price of Azerbaijani oil, known as Azeri Light (CIF), has decreased in global markets. The latest reports indicate that the price has fallen to $71.87 per barrel, marking a decrease of $0.97 or 1.33%.

According to Azeri-Press news agency, the previous price of Azerbaijani oil was $72.84 per barrel. The decline reflects the ongoing fluctuations in the global oil market, impacting prices worldwide. The changes in oil prices are being closely monitored by stakeholders in the energy sector, as they have significant implications for the economy.