Baku: The price of Azerbaijan's Azeri Light (CIF) crude oil has risen again on global markets. The price of Azerbaijani oil increased by $2.22, or 2%, to reach $113.11 per barrel. According to Azeri-Press News Agency, the previous price of Azerbaijani oil stood at $110.89 per barrel. The increase marks a significant rise above the average price of Azeri Light crude oil, which was set at $65 per barrel in Azerbaijan's state budget for this year.