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 $3 to stand at $49.34. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) raised $3.02 to trade at $52.43.
The price of a barrel of Azeri Light crude oil increased $1.97 to stand at $53.99 at the London market.
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