Baku: Oil prices have decreased in global markets: Brent crude oil on the London ICE (InterContinental Exchange Futures) dropped by $1.27, trading at $74.26 per barrel. Similarly, Light crude oil on the NYMEX (New York Mercantile Exchange) fell by $1.17, standing at $70.82 per barrel.

According to Azerbaijan State News Agency, the decline in oil prices is reflected in both Brent crude and Light crude oil markets. The decrease in Brent crude oil prices on the London ICE signifies a shift in trading patterns, while the drop in Light crude oil prices on the NYMEX highlights similar trends in the global oil market. Both indices show significant downward movement, illustrating changes in market dynamics.