Global oil prices continue to decline

The price of oil has continued to fall on the world markets.

On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.69 to stand at $30.82. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) fell $0.60 to trade at $31.16.

The Marketing and Economic Operations Department of the State Oil Company of Azerbaijan said the price of a barrel of Azeri Light crude oil decreased $0.89 to stand at $31.92 on the world markets.

/By AzerTac/