The price of Azerbaijani oil has been steadily increasing in global markets.

A barrel of Azeri Light crude oil has gone up by $1.55, reaching a trading value of $83.81, Azernews reports.

A general rise in oil prices has also been observed worldwide. Brent crude oil on the London InterContinental Exchange Futures (ICE) increased by $0.11, reaching a trading value of $78.68.

Simultaneously, the price of light crude oil at the New York Mercantile Exchange (NYMEX) increased by $0.19, reaching a standing value of $73.45.