Baku: The price of Azerbaijani oil branded Azeri Light (CIF) has decreased on the world markets, with a barrel now priced at 70.25 US dollars. This marks a decrease of 0.51 US dollars, or 0.72%, from the previous price of 70.76 US dollars.

According to Azeri-Press News Agency, the current price of Azerbaijani oil remains slightly above the average price of 70 US dollars per barrel, which was calculated in this year's state budget of Azerbaijan. This shift in pricing reflects ongoing fluctuations in the global oil market.