Oil price rises in world market

Oil price rises in the world market. SIA, citing "Bloomberg", reports that the price of "black gold" rises at the auction has been held today. A barrel of British Brent crude oil has increased $0.12 to trade at $103.80 at the London ICE. On the New York Mercantile Exchange NYMEX, cost of the US Light crude oil increased 0.02 dollars to stand at $95.14.

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