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 $0.13 to stand at $31.85.

Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) rose $0.75 to trade at $32.73.

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 $0.51 to stand at $34.39 on the world markets.

/By AzerTac/