Azeri LT CIF crude oil, exported from Azerbaijan to the world markets, increased $ 0.53 (+0.95%), settling at $ 56.36 per barrel, Report informs.
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.
On Tuesday, the American Petroleum Institute (API) reported a draw in crude oil inventories of 5.272 million barrels for the week ending January 22.
Analysts had predicted an inventory smaller draw of
The API reported a build in oil inventories of
Oil prices were trading down on Tuesday ahead of the data release. China lockdowns, the
A half-hour before Tuesday's data release, WTI had fallen by $0.27 on the day (-0.51%) to $52.50, down $0.80 since last Wednesday.
The Brent crude benchmark had fallen on the day $0.06 (-0.11%) to $55.82—down $0.70 on the week.