Baku 17° C
Azeri Light crude nears $57
Energy
- 21 January, 2021
- 06:51
Add Report.az to preferred Google sources
Stay up to date with the top news!
Azeri LT CIF crude oil, exported from Azerbaijan to the world markets, increased by $0.45 (+0.80%), settling at $56.84 per barrel.
The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.
Oil prices fell on Thursday after data showed U.S. crude stocks unexpectedly rose last week, reigniting worries about pandemic restrictions cutting into fuel demand.
U.S. West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.5%, to $53.04 a barrel at 0147 GMT, following two days of gains on hopes of massive COVID-19 relief spending under new U.S. President Joe Biden.
Brent crude futures similarly dropped 26 cents, or 0.5%, to $55.82 a barrel.
Author
Latest News
12:15
Photo
Azerbaijan, Somalia discuss media cooperation opportunities
Domestic policy
12:10
President: Illicit proceeds laundered through international financial channels during occupation
Foreign policy
12:10
AI, climate change may exacerbate gender inequality in education and employment, OIF rep says
Other countries
12:06
Ilham Aliyev: Corruption is a crime that undermines public trust in state institutions
Foreign policy
12:04
Proposal at Baku Forum seeks to boost inclusion through education
Foreign policy
11:58
Education should be linked to economic opportunities for women, public association rep says
Education and science
11:53
Farhad Hajiyev: Youth dialogue should lead to new initiatives
Cultural policy
11:48
Azerbaijan prepares new draft law on conflict of interest
Milli Majlis
11:48
Azerbaijan's Prosecutor General calls for joining efforts to combat corruption
Foreign policy