Azeri Light price rises to $62.4 per barrel

The price of one barrel of Azeri Light crude oil has increased by $0.57, or 0.92%, reaching $62.4 on the global market, Report cites sources in the oil sector.

Meanwhile, the price of Brent crude for December futures settled at $61.09 per barrel following recent trading.

At Türkiye's Ceyhan port, the FOB price of Azeri Light rose by $0.53, or 0.88%, to $60.44 per barrel.

Azerbaijan's state budget for this year is based on an average oil price of $70 per barrel.