Baku, October 7, AZERTAC

The price of oil continues to rise in the world markets.

On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $3 to stand at $49.34. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) raised $3.02 to trade at $52.43.

The price of a barrel of Azeri Light crude oil increased $1.97 to stand at $53.99 at the London market.