Baku: Azerbaijani's Azeri Light (CIF) crude oil experienced a slight decline on global markets, as reported by APA-Economics. The price of Azerbaijani oil decreased by $0.07, or 0.1%, bringing it to $71.14 per barrel.

According to Azeri-Press News Agency, the previous price for Azerbaijani oil was recorded at $71.21 per barrel. It is noteworthy that the average price of Azeri Light crude oil per barrel in Azerbaijan's state budget for this year has been calculated at $65.