Baku: The price of Azerbaijani oil of the Azeri Light (CIF) brand has experienced a slight decrease on world markets, dropping by more than USD 1, as reported by APA-Economics. The new price of one barrel of Azerbaijani oil now stands at USD 69.42, reflecting a decrease of USD 0.28 or 0.4%.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was USD 69.14. The current shift in pricing highlights the ongoing fluctuations in the global oil market, impacting the Azerbaijani oil sector.