Baku: The price of Azeri Light crude oil experienced a significant decrease, falling by $6.02, which equates to a 5.8 percent drop, settling at $110.51 per barrel on Tuesday.

According to Azerbaijan State News Agency, Azeri Light's price fluctuations highlight a volatile market. The current price is significantly higher than the all-time low of $15.81 per barrel recorded on April 21, 2020. In contrast, the record high for Azeri Light reached $149.66 per barrel in July 2008, showcasing the dramatic range in prices over recent years.