Oil price increases in global markets
![Oil price increases in global markets](https://www.azernews.az/media/2024/04/12/oil_import_281219.jpg)
Oil has become more expensive in the global markets, Azernews reports.
The price of one barrel of "Brent" oil on London's ICE ("InterContinental Exchange Futures") exchange increased by $0.5 to $79.66.
On the NYMEX ("New York Mercantile Exchange") exchange of New York, the price of one barrel of "Light" oil increased by $0.65 and amounted to $76.84.
The price of Azerbaijani Azeri Light crude oil increased by $0.54 to $83.38 per barrel based on CIF in the Italian port of Augusta on August 9, compared to the previous reading.
The price of Azeri LT FOB Ceyhan grew by $0.55 (to $82.22 per barrel).
The price of URALS equaled $68.5 per barrel, which is $0.55 up from the previous price.
Overall, the price of a barrel of Dated Brent oil produced in the North Sea went up by $0.52 on August 9, compared to the previous indication, to $81.62.
The official exchange rate for August 10 stands at 1.7 AZN/1 USD.
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