London:Oil prices have experienced a decline on global markets, with notable decreases reported on major exchanges.

According to Azerbaijan State News Agency, Brent crude on the London-based Intercontinental Exchange (ICE) fell by $0.39, bringing the price down to $94.23 per barrel. Meanwhile, on the New York Mercantile Exchange (NYMEX), Light crude saw a more significant drop of $0.80, resulting in a new price of $87.32 per barrel.

These changes reflect ongoing fluctuations in the global oil market, impacting both Brent and Light crude prices.