Azerbaijani oil continues to rise in price

The price tag per barrel of Azeri Light oil on the world market increased by $0.4 or 0.51% to $78.76, Report learned from a source in the oil market.

On the stock exchanges, Brent crude is trading at $75.91 per barrel.

In the state budget of Azerbaijan for this year, the price of oil is set at the level of $50 US.

The minimum price for Azeri Light oil was recorded on April 21, 2020 ($15.81), and the maximum price in July 2008 ($149.66).