Oil prices rise on world markets

Baku, January 16, AZERTAC Oil prices have risen on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.51 to stand at $64.51, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) rose $0.48 to trade at $58.29.