LONDON - The global oil markets have seen a significant uptick, with prices for Brent crude oil on the London InterContinental Exchange Futures (ICE) rising by $2.55 to trade at $90.48. Meanwhile, the Light crude oil price on the New York Mercantile Exchange (NYMEX) has increased by $2.33 to stand at $85.54.

According to a new release by Azerbaijan State News Agency, this increase has been observed in both major trading platforms, affecting Brent and Light crude oil prices.