Azeri LT CIF crude oil, exported from Azerbaijan to the world markets, decreased $ 0.93 (2.19%), settling at $ 41.53 per barrel, Report says.
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 was headed for a third weekly decline in four -- while managing to hold above $40 a barrel -- amid signs fresh supply might be hitting the market as the demand outlook worsens.
In New York, November futures were steady Friday and are down around 3% this week as the re-imposition of
West Texas Intermediate closed up 1% on Thursday -- rising for a third straight day -- tracking Wall Street higher on news that House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin were open to