Baku: Azeri Light (CIF) Azerbaijani oil has increased in price on global markets, APA-Economics reports. The price of Azerbaijani oil rose by $9.63, or 8.9%, to $117.79 per barrel.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil stood at $108.16. Recall that the average price of Azeri Light oil in Azerbaijan's state budget for this year was set at $65 per barrel.