Azerbaijani oil price falls by nearly 6%

The price of Azerbaijan's Azeri LT CIF crude oil traded in the financial markets has fallen by $3.51 or 5.63% settling at $58.81 per barrel.

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).