Baku: Azerbaijani oil under the "Azeri Light" (CIF) brand has fallen in price on global markets, APA-Economics reports. The price of one barrel of Azerbaijani oil decreased by $0.07, or 0.07%, to $95.5.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was $95.57. This minor decrease comes in contrast to the calculations made for Azerbaijan's state budget for this year, where the average price of one barrel of "Azeri Light" crude oil was set at $65.