Azerbaijani oil falls in price

The price of one barrel of Azerbaijan’s Azeri Light oil on the world market decreased by $2.51 or 3.19 per cent to $76.25.

Brent crude oil is traded at $74.61 per barrel on the stock exchanges, a source in the oil market told Report.

The oil price is set at $50 in the Azerbaijani state budget for this year.