Azeri Light oil price goes down

Azeri LT CIF crude oil, exported from Azerbaijan to the world markets, decreased by $ 1,46 (3.25%), settling at $ 43,46 per barrel, Report says.

The lowest price for Azeri Light was recorded on April 21, 2020 ($ 15.81), and in July 2008, the maximum amount was $ 149.66.

Oil prices dropped on Thursday morning, extending losses from Wednesday’s close to the lowest levels more than a month after U.S. data showed gasoline demand is faltering despite the significant inventory draws in recent weeks. 

As of 12:13 p.m. on Thursday, WTI Crude was trading down 1.04 percent at $41.11, and Brent Crude was down 1.33 percent on the day at $43.87. Both benchmarks hit earlier in the day their lowest level since the end of July after the market found the latest U.S. implied gasoline figures as bearish.