Baku: Azeri Light (CIF) branded Azerbaijani oil has risen in world markets, APA-Economics reports. The price of one barrel of Azerbaijani oil increased by $0.95, or 1.28%, reaching $74.80.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was $73.85. This increase reflects a continued upward trend in the market valuation of the Azeri Light oil brand.