Baku, November 4, AZERTAC
The price of oil rose in the world markets.
On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $1.52 to stand at $47.80. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) rose $1.30 to trade at $50.15.
The Marketing and Economic Operations Department of the State Oil Company of Azerbaijan said the price of a barrel of Azeri Light crude oil increased $0.99 to stand at $50.19 on the world markets.