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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 $0.53 to stand at $39.89. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) rose $0.47 to trade at $40.93. The price of a barrel of Azeri Light crude oil stand at $41.19 on the world markets.