On October 16, a sharp increase in oil prices was recorded in world markets. Modern.az reports that foreign media spread information about this.
On New York's NYMEX commodity exchange, the price of a barrel of WTI crude oil increased by 4.40 percent, reaching 101.41 dollars.
On London's ICE (Intercontinental Exchange) exchange, the price of "Brent" brand oil increased by 4.52 percent to 109.95 dollars.
It should be noted that the price of oil is calculated per barrel. One barrel is 158.98 liters.
