Oil prices fall on world markets

Oil prices have fallen on the world markets.

On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.41 to stand at $49.94. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $0.43 to trade at $51.52.

The price of a barrel of Azeri Light crude oil decreased $0.06 to stand at $52.06 on the world markets.