Oil prices fall in world markets

Baku, May 24 (AzerTAc). The price of oil has continued to fall in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has fallen 3 cents to stand at $94.25. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has decreased 16 cents to trade at $ 102.44. The Department of Marketing and Economic Operations of State Oil Company of Azerbaijan (SOCAR) informed that, a barrel of Azeri Light crude oil decreased $1.02 to stand at $103.36.