Azerbaijan's Azeri Light Crude Oil Surges to $117.74
The price of Azeri Light crude oil has increased on the global market. According to APA-Economics, the price per barrel rose by $0.91, or 0.78%, to $117.74. This marks a significant increase from its previous trading value of $116.83 per barrel.
Azerbaijan's state budget for 2026 assumes an average oil price of $65 per barrel. The current market trend may impact the country's financial planning and projections.