ECONOMY


Oil price rises on world markets

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Baku, October 28, AZERTAC

The price of oil has continued to rise in the world markets.

On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.54 to stand at $49.72. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) rose $0.49 to trade at $50.47.

The price of a barrel of Azeri Light crude oil increased $0.19 to trade at $51.60 on the world markets.

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