ECONOMY


Azeri Light crude sells for $53

Baku, May 16, AZERTAC

Oil prices have risen on the world markets.

On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.19 to stand at $49.04. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) rose $0.18 to trade at $52.

The price of a barrel of Azeri Light crude oil increased $1.49 to stand at $53.11 on the world markets.

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