Azerbaijani oil price drops by more than 12% in global markets

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The price of Azeri Light crude oil fell by $12.69, or 12.30 percent, to settle at $90.34 per barrel on Wednesday.

The all-time low for Azeri Light was $15.81 per barrel on April 21, 2020, while the record high stood at $149.66 per barrel in July 2008.

Economy