Baku: Prices of Azerbaijani oil branded 'Azeri Light' (CIF) have decreased on global markets, APA-Economics reports. The current price of a barrel of Azerbaijani oil has fallen by $6.85 or 5.9%, bringing it down to $116.05. According to Azeri-Press News Agency, this decline marks a significant drop from the previous price of $122.9 per barrel. It is important to note that the average price of a barrel of 'Azeri Light' oil in Azerbaijan's state budget for this year is set at $65.