Brent Crude Oil Falls Below $95 on Global Markets

New york: Amid reports of a ceasefire between the United States and Iran, the value of the June 2026 Brent crude export contract fell by 13.26% to $94.78 per barrel during trading on the ICE London intercontinental exchange, APA-Economics reports.

A…

Natural Gas Prices Decline by Over 3% on NYMEX

New york: The price of natural gas futures has seen a significant decrease on the New York Mercantile Exchange (NYMEX). The futures quotes dropped by more than 3% in recent trading.

According to Azeri-Press News Agency, the price for natural gas fut…

Crypto Market Rallies as Bitcoin Surpasses $71,000

Baku: An increase has been recorded in the cryptocurrency market over the past 24 hours, with the total market capitalization rising by 3.86% to $2.44 trillion, APA-Economics reports.

According to Azeri-Press News Agency, the price of Bitcoin, the l…

Gold Price Surpasses $4,800 on Commodity Markets

Baku: The price of gold futures per troy ounce (31.1 grams) has increased on commodity markets, APA-Economics reports, citing exchange data. On the COMEX commodity exchange in New York, the price of gold futures for June 2026 rose by 2.06% to $4,829.7…

EIA Revises Global Oil Production Outlook for 2026-2027

Washington: The US Energy Information Administration (EIA), under the Department of Energy, has released its forecast for global daily production of oil and other liquid hydrocarbons for the years 2026-2027. The updated forecasts reveal a shift in pro…