Baku: Azerbaijan's Azeri Light (CIF) crude oil has risen in price on global markets. The price of one barrel of Azerbaijani oil increased by USD 0.03, or 0.04%, to USD 68.54.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil stood at USD 68.51 per barrel. It is noted that in Azerbaijan's state budget for this year, the average price of one barrel of Azeri Light crude oil was calculated at USD 65.