Oil price on upward trend in world markets
The price of oil has continued to rise in the world markets.
On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the US Light crude oil raised $0.42 to stand at $93.45.
Price of the British Brent oil at the London ICE (InterContinental Exchange Futures) has increased $0.86 to trade at $109.82.
The Department of Marketing and Economic Operations of State Oil Company of Azerbaijan (SOCAR) reported that, a barrel of Azeri Light crude oil increased $1.19 to stand at $113.13.
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