Baku: Oil prices have seen a rise on global markets, with significant increases recorded on both the London-based Intercontinental Exchange (ICE) and the New York Mercantile Exchange (NYMEX). On the ICE, Brent crude climbed by $1.45, reaching $97.73 per barrel. Meanwhile, on the NYMEX, Light crude saw an increase of $1.30, bringing its price to $92.78 per barrel.
According to Azerbaijan State News Agency, these gains in oil prices reflect the ongoing trends in the global energy market. The rise in prices comes amidst various economic factors impacting supply and demand. The movements on these major exchanges underscore the current state of the oil market, which continues to be influenced by international dynamics.