The price of oil decreased in the world markets.
On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.11 to stand at $52.30. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $0.16 to trade at $54.73.
The price of a barrel of Azeri Light crude oil decreased $0. 86 to stand at $55.58 on the world markets.
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