Oil prices have dropped in the world markets.

On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the WTI crude oil has decreased $0.17 to trade at $49.28, as well price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has fallen $0.24 to stand at $58.66.

The Department of Marketing and Economic Operations of the State Oil Company of Azerbaijan (SOCAR) informed that, the price of a barrel of Azeri Light crude oil increased $0.07 to stand at $62.37 in the world markets.

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