By Azertac

Oil prices have increased on the world markets.

On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.47 to stand at $44.03. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) rose $0.38 to trade at $48.86.

The price of a barrel of Azeri Light crude oil increased $1.36 to stand at $51.13.