Azeri LT CIF crude oil, exported from Azerbaijan to the world markets, decreased by $ 0.43 (-1.01%), settling at $ 42.01 per barrel, Report says.

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

Oil price gained more than 1% on Tuesday on the prospect the United States was nearing a deal on coronavirus relief. Still, the threat to demand from rising COVID-19 cases worldwide and increased Libyan output kept prices from moving higher.

November U.S. West Texas Intermediate (WTI) crude futures settled at US$41.46 a barrel, up 63 cents, or 1.54%. The more active December contract settled at $41.70, gaining 64 cents.