Oil Prices Soar in Global Markets

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Oil Prices Soar in Global Markets

Oil prices rose in global markets on Wednesday.

On the London Intercontinental Exchange (ICE), the price of Brent crude rose by $0.88 to reach $59.80 per barrel, The Caspian Post reports.

Meanwhile, on the New York Mercantile Exchange (NYMEX), the price of Light crude increased by $0.85, settling at $56.12 per barrel.

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Oil prices rose in global markets on Wednesday.