Baku: The price of Azeri Light (CIF) branded Azerbaijani oil has experienced an increase in world markets. The price of one barrel of Azerbaijani oil has risen by $1.29, or 1.72%, reaching $76.29.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was $75. This recent rise in price reflects market dynamics and the fluctuating nature of global oil prices.