Azeri Light oil price rises to $65.80 on global markets

The price of Azerbaijan's Azeri Light crude oil rose on the global market by $1.68, or 2.62 percent, to $65.80 per barrel, according to a source in the oil market cited by Report.

According to trading results, the price of March futures for Brent crude settled at $62.96 per barrel.

At Türkiye's Ceyhan port, the FOB price of Azeri Light increased by $1.68, or 2.7 percent, reaching $63.96 per barrel.

Azerbaijan's state budget for this year is calculated based on an average oil price of $65 per barrel.