Azerbaijani oil price approaches $111

The price of Azerbaijan’s Azeri Light (CIF) crude oil has increased again on global markets, 

The price of one barrel of Azerbaijani oil rose by 0.38 U.S. dollars, or 0.34%, to 110.89 U.S. dollars.

Note that the previous price of Azerbaijani oil stood at 110.51 U.S. dollars.

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