London:Oil prices experienced a decline on global markets, with significant drops noted in both Brent and Light crude prices.
According to Azerbaijan State News Agency, on the London-based Intercontinental Exchange (ICE), Brent crude prices fell by $1.59, bringing the cost to $113.73 per barrel. Similarly, on the New York Mercantile Exchange (NYMEX), Light crude saw a decrease of $1.62, resulting in a new price of $101.16 per barrel.
These changes reflect ongoing fluctuations in the global oil market, affecting trading across major exchanges.