Azerbaijani oil price goes up by 12%

The price of Azerbaijan's Azeri LT CIF crude oil traded in the financial markets has gone down by $7.36 or 11.55% settling at $71.1 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).