10:10 - 5.11.2026

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November 5, Fineko/abcnews. The price of Azerbaijan's flagship "Azeri Light" (CIF) crude oil experienced a sharp decline on international commodity exchanges. Following the latest trading session, the price of "Azeri Light" dropped by $6.64 or 5.85% to settle at $106.81 per barrel.

This downward movement in global crude benchmarks comes amid broader market reactions to the US midterm election outcomes and shifting risk sentiment across global currency markets.

For reference, the historical minimum price of "Azeri Light" was recorded on April 21, 2020, at $15.81 per barrel, while its all-time peak of $149.66 per barrel was reached in July 2008.