The price of oil has increased in the world markets.
On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the WTI crude oil increased $1.17 to trade at $52.86, as well price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) raised $0.54 to stand at $58.34. 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 $0.79 to stand at $60.86 in the world markets.