London:Oil prices have declined significantly, with Brent crude oil futures for delivery in January 2026 dropping by 3.14% to $109.87 per barrel on the ICE London Intercontinental Exchange.

According to Azeri-Press news agency, WTI crude oil futures for delivery in December 2026 on the New York Mercantile Exchange (NYMEX) also saw a decrease, falling by 3.33% to $100.65 per barrel.

These changes in oil futures prices reflect ongoing fluctuations in the global oil market.