Oil prices rise in world markets

The price of oil has increased in the world markets, AzerTag state news agency reported.

On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has increased $1.99 to stand at $103.19. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) grew $0.72 to trade at $107.89.

A barrel of Azeri Light crude oil increased $0.22 to stand at $109.26.