Azerbaijani oil price drops nearly 5%

The price of Azerbaijan's Azeri LT CIF crude oil traded in the financial markets has fallen by $2.73 or 4.84%, settling at $53.67 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).