Baku: The price of Azeri Light (CIF) branded Azerbaijani oil has dropped by more than 1 dollar on the world markets. The price of one barrel of Azerbaijani oil has decreased by 1.45 US dollars or 2.05%, falling to 69.14 US dollars.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 70.59 US dollars.