Oil prices continue to drop in the world markets,AzerTag state news agency reported.
On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has decreased $0.43 to trade at $48.36, as well price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has fallen $0.85 to stand at $50.11.
The Department of Marketing and Economic Operations of SOCAR reported that the price of a barrel of Azeri Light crude oil decreased $1.43 to stand at $50.81 in the world markets.