Baku: The price of Azeri Light crude oil has decreased by $1.24, or 1.34 percent, to $91.31 per barrel on Tuesday.

According to Azerbaijan State News Agency, the fluctuation in oil prices is part of a broader trend influenced by various market factors. The price of Azeri Light has seen significant changes over the years, with an all-time low of $15.81 per barrel on April 21, 2020, and a record high of $149.66 per barrel in July 2008.

The recent decrease in price highlights the volatility in the oil market, affecting both producers and consumers globally. Azeri Light is a significant export for Azerbaijan, and its price movements are closely watched by stakeholders in the energy sector.