Azeri LT CIF crude oil, exported from Azerbaijan to the world markets, decreased by $ 0.22 (-0.4%), settling at $ 55.83 per barrel.
The lowest price for Azeri Light was recorded on April 21, 2020 ($ 15.81), and in July 2008, the all-time high was $ 149.66.
Oil edged lower toward $52 a barrel as a resurgent Covid-19 outbreak in some regions, and a slow roll-out of vaccinations weighed on the demand outlook, offsetting tightening global supply.
Futures in New York fell 0.6% after rising around 1% on Monday. A flare-up of the coronavirus in China is
Seaborne exports of Russia’s flagship