Oil prices increase on world markets

The price of oil rose in the world markets.

On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.28 to stand at $48.01. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) rose $0.26 to trade at $51.01.

The price of a barrel of Azeri Light crude oil increased $0.08 to stand at $51.66 on the world markets.

Source: AZERTAC