ECONOMY


Oil price on world markets

Baku, February 26, AZERTAC

Oil prices have increased in the world markets.

On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the WTI crude oil has increased $1.71 to trade at $50.99, as well price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has raised $2.97 to stand at $61.63.

The Department of Marketing and Economic Operations of the State Oil Company of Azerbaijan (SOCAR) informed that, the price of a barrel of Azeri Light crude oil has fallen $0.79 to stand at $61.58 in the world markets.

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