Azerbaijani oil is trading above $100

Azerbaijan’s Azeri Light (CIF) crude oil has become cheaper on world markets.

The price of one barrel of Azerbaijani oil decreased by $3.62, or 3.47%, to $100.78.

Note that the previous price of Azerbaijani oil was $104.4 per barrel.

Recall that the average price of one barrel of Azeri Light crude oil was calculated at $65 in Azerbaijan’s state budget for this year.