Baku: The price of Azerbaijani oil on the global market has exceeded $97, APA-Economics reports. The price of a barrel of Azeri Light crude rose by $4.72, or 5.08%, reaching $97.61. Previously, Azerbaijani oil was traded at $92.89.

According to Azeri-Press News Agency, Azerbaijan's 2026 state budget assumes an average oil price of $65 per barrel.