Baku: The price of Azeri Light crude oil has witnessed a decrease, settling at $100.78 per barrel after a drop of $3.62 or 3.47 percent as of Friday.
According to Azerbaijan State News Agency, the current price change is notable when compared to the historical pricing data of Azeri Light. The all-time low for this crude oil was recorded at $15.81 per barrel on April 21, 2020. On the other hand, the highest price ever recorded for Azeri Light reached $149.66 per barrel in July 2008.
This fluctuation in price underscores the volatile nature of the oil market, which continues to be influenced by various factors impacting global supply and demand.