Baku: Azerbaijan's oil has fallen by nearly $2, APA-Economics reports. The price of one barrel of Azeri Light crude, Azerbaijan's benchmark oil grade, stood at $100.57. This is $1.73, or 1.69%, lower than the previous price.

According to Azeri-Press News Agency, the previous trading price of Azerbaijani oil was $102.30 per barrel. It should be recalled that the average price of Azerbaijani oil in the 2026 state budget was set at $65 per barrel.