BAKU: The cost of Azerbaijani oil has seen a notable increase, as the price for a barrel of Azeri Light (CIF) brand oil surged by 3% in global markets. The price per barrel now stands at $76.56, marking an increase of $2.25 from the previous trading day when it was priced at $74.31.

According to Azeri-Press news agency, this rise in the price of Azerbaijani oil reflects changes in the dynamics of the global oil market. The Azeri Light brand, which is a significant player in the international oil trade, has experienced this price escalation amidst ongoing fluctuations in oil demand and supply worldwide.