Oil price increased on world markets

Baku, February 1, AZERTAC Oil prices have increased on the world markets. The price of a barrel of Azeri Light crude oil increased $0.03 to stand at $70.33 on the world markets. On London ICE (Intercontinental Exchange Futures) cost of the Brent crude oil rose $0.18 to trade at $69.07 while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) increased $0.16 to stand at $64.89.