The price of one barrel of Azerbaijani Azeri Light crude on the world market increased by $0.39, or 0.39%, to $98.58.

At the close of trading, the price of September futures for Brent crude stood at $92.16.

The price of Azerbaijani oil in Turkey's Ceyhan on FOB terms increased by $0.74, or 0.78%, to $94.86 per barrel.

In Azerbaijan's state budget for this year, the oil price is set at $65.