London:Oil prices have experienced a decline on global markets, with significant drops noted in both Brent and Light crude oil prices.

According to Azerbaijan State News Agency, on the London-based Intercontinental Exchange (ICE), the price of Brent crude fell by $3.61, bringing it down to $109.82 per barrel. Similarly, on the New York Mercantile Exchange (NYMEX), Light crude saw a decrease of $3.60, settling at $100.52 per barrel.

These changes reflect ongoing fluctuations in the global oil market, impacting trading and pricing on major exchanges.