According to the results of July of this year, the average price of 1 barrel of "Azeri Light" (CIF) oil was 117.01 US dollars on the world market, APA-Economics reports.
This figure is 42.23 dollars, or 56.5% more than the same indicator of July 2021.
Compared to June of the current year, the average price of 1 barrel of Azerbaijani oil decreased by 8.37 dollars (or 6.7%) in July.
During the month, the highest indicator (July - 4) was 128.8 dollars, and the lowest indicator (July - 28) was at the level of 109.96 dollars. During July, the price of Azerbaijani oil decreased by $12.52 or 10%.