Economy

Azeri Light Crude climbs toward higher price rate per barrel

09:46 | 144

The price of Azeri Light (CIF) crude oil from Azerbaijan has risen on global markets, SİA reports.

The benchmark rose by just $0.08, or 0.11 percent, to trade at $70.76. That compares with its previous level of $70.68.

Azerbaijan’s state budget for this year is based on an assumed average of $70 per barrel for Azeri Light.

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