Baku: Oil prices declined in global markets on Thursday: On the London Intercontinental Exchange (ICE), Brent crude fell by $0.22, settling at $61.99 per barrel. On the New York Mercantile Exchange (NYMEX), Light crude dropped by $0.18, trading at $58.28 per barrel.

According to Azerbaijan State News Agency, the decrease in oil prices comes amidst ongoing market fluctuations and trading activities. The current price shift reflects the dynamic nature of oil trading, influenced by various factors impacting global supply and demand. Market analysts continue to monitor these changes closely, as they may have broader implications for the energy sector and the global economy.