Azeri Light oil price exceeds $90 per barrel

The price of Azerbaijani oil Azeri Light on CIF delivery terms has increased by $0.72 up to $90.56 per barrel.

When prices for other grades of oil change, the cost of Azeri Light also changes.

Taking into account the fact that Azeri Light refers to light and low-sulfur grades of oil, in relation to Brent, it is sold at a premium and costs more.

The price for Brent at the close of trading on Tuesday was $85.43 a barrel.