Oil price rises in world markets

Baku, December 17 (AzerTAc). The price of oil has continued to rise in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil raised $0.88 to stand at $97.48. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has increased $1.09 to trade at $109.41. The Department of Marketing and Economic Operations of the State Oil Company of Azerbaijan (SOCAR) informed that, a barrel of Azeri Light crude oil increased $2.14 to stand at $113.07.