London: On the London Intercontinental Exchange (ICE), the price of Brent crude dropped by $1.01 to settle at $113.43 per barrel. On the New York Mercantile Exchange (NYMEX), the price of Light crude fell by $2.11, trading at $104.31 per barrel.
According to Azerbaijan State News Agency, the recent decline in oil prices on global markets reflects ongoing fluctuations in the energy sector. The reduction in Brent crude and Light crude prices highlights the volatility faced by traders and stakeholders in the oil industry. These changes come amid varying factors influencing supply and demand across international markets.