Baku: The price of Azerbaijan's Azeri Light (CIF) crude oil has increased in global markets. The price of one barrel of Azerbaijani oil rose by $6.56, or 8.2%, reaching $86.16.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil stood at $79.6 per barrel. It should be noted that the average price of Azeri Light oil in Azerbaijan's state budget for this year was calculated at $65 per barrel.