London: Oil prices declined in global markets. On the London Intercontinental Exchange (ICE), Brent crude fell by $0.42 to settle at $60.14 per barrel. Meanwhile, on the New York Mercantile Exchange (NYMEX), Light crude dropped by $0.43, trading at $56.39 per barrel.

According to Azerbaijan State News Agency, the decline in oil prices comes amid various factors influencing the global market, including supply dynamics and demand fluctuations. The changes observed in both Brent and Light crude prices reflect ongoing trends in the energy sector.