London:Oil prices experienced a decline on global markets as both Brent and Light crude prices fell.

According to Azerbaijan State News Agency, on the London-based Intercontinental Exchange (ICE), Brent crude decreased by $0.90, bringing the price to $114.90 per barrel. Meanwhile, on the New York Mercantile Exchange (NYMEX), Light crude saw a reduction of $0.80, settling at $101.00 per barrel.

These shifts in oil prices reflect the current trends in the global market, impacting both major exchanges in London and New York.