London:Oil prices declined on global markets as reported by exchanges in London and New York. According to Azerbaijan State News Agency, the price of Brent crude on the London Intercontinental Exchange (ICE) decreased by $0.51, settling at $101.74 per barrel. Meanwhile, on the New York Mercantile Exchange (NYMEX), the price of Light crude fell by $1.01 to $90.10 per barrel.