Baku: Azerbaijani oil of the Azeri Light (CIF) brand has increased in price on the global markets, APA-Economics reports. The price of one barrel of Azerbaijani oil increased by $0.41, or 0.43%, to $95.57.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was $95.16. It is noteworthy that Azerbaijan's state budget for this year was calculated based on an average price of $65 per barrel of Azeri Light crude oil.