Baku: Azerbaijan’s “Azeri Light” (CIF) crude oil price has decreased on global markets, APA-Economics reports. The price of Azerbaijan’s oil per barrel has dropped by 1.04 US dollars or 1.41%, reaching 72.81 US dollars.

According to Azeri-Press News Agency, the previous price of Azerbaijan’s oil was 73.85 US dollars. The decline in price highlights the fluctuations impacting the global oil market and may influence Azerbaijan’s economic strategies moving forward.