Baku: Azeri Light crude oil saw a notable decrease in its price, falling by $4.82, or 4.82 percent, to settle at $95.27 per barrel on Wednesday. According to Azerbaijan State News Agency, this decline is part of the ongoing fluctuations in the global oil market. Historically, Azeri Light reached its all-time low of $15.81 per barrel on April 21, 2020, amid the global economic downturn. Conversely, the record high for Azeri Light was $149.66 per barrel in July 2008, reflecting significant volatility in the oil sector over the years. The current price change highlights the dynamic nature of the oil market and the various factors influencing crude oil prices worldwide.