Baku: The price of Brent crude oil futures for July 2026 delivery increased by 1.09% to $85.65 per barrel during trading on the ICE London Intercontinental Exchange, APA-Economics reports. Meanwhile, the price of WTI crude oil futures for June 2026 delivery on the New York Mercantile Exchange (NYMEX) rose by 0.76% to $79.94 per barrel.

According to Azeri-Press News Agency, the rise in crude oil prices reflects ongoing market movements and forecasts for future demand. The increase in Brent crude oil futures signals an upward trend in the global oil market, while the rise in WTI crude oil futures indicates similar positive momentum in the U.S. market. These changes in futures prices are being closely watched by investors and market analysts for their potential impact on the energy sector.