Baku: The price of Azerbaijan's "Azeri Light" (CIF) crude oil has seen a slight decrease on global markets. The cost of a barrel of Azerbaijani oil has fallen by $0.05, bringing the price to $116. According to Azeri-Press News Agency, the previous price of Azerbaijani oil was $116.05. The change reflects ongoing fluctuations in the global oil market. It is noteworthy that the average price of a barrel of "Azeri Light" crude oil is set at $65 in Azerbaijan's state budget for this year.