Azerbaijani oil price drops to $70

The price of Azerbaijan's Azeri LT CIF crude oil traded in the financial markets has dropped by $1.16 or 1.62%, settling at $70.04 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).