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.

/By AzerTac/