London:Oil prices edged higher on global markets, reflecting a modest increase in both Brent crude and Light crude futures.

According to Azerbaijan State News Agency, Brent crude futures on the London-based Intercontinental Exchange (ICE) rose by $0.05, reaching $98.37 per barrel. Meanwhile, Light crude futures on the New York Mercantile Exchange (NYMEX) experienced a larger increase of $0.52, settling at $91.35 per barrel.

These changes in oil futures indicate a slight upward trend in the global oil market, with both major benchmarks experiencing gains.