Azerbaijani oil drops by more than $1

The price of Azerbaijan's Azeri LT CIF crude oil traded in the financial markets has dropped by $1.08 or 1.71% settling at $62.04 per barrel, Report informs.

Notably, the record low of Azeri LT CIF was registered in December 2001 ($19.15) and the all time high was recorded in July 2008 ($149.66).