Azerbaijani oil sharply increased in price

The price of one barrel of Azerbaijani Azeri Light crude oil on the world market increased by 1.37 dollars, or 2.01% to 69.49 dollars.

A source in the oil market told Report about this.

At the end of trading, the price of November futures for Brent crude oil was 67.74 dollars.

In the Turkish port of Ceyhan, the price per barrel of Azerbaijani Azeri Light crude oil on FOB basis increased by 1.34 dollars, or 2.01%, amounting to 67.98 dollars.

In Azerbaijan's state budget for this year, the oil price is set at $70.