London: Oil prices have fallen on world markets, reflecting a notable decrease in key crude oil contracts. During trading on the ICE London intercontinental exchange, the price of the July 2026 contract for Brent crude oil fell by 2.19% to $77.81 per barrel.

According to Azeri-Press News Agency, the New York NYMEX commodity exchange also saw a decline in oil prices. The price of one barrel of WTI crude oil for delivery in June 2026 decreased by 2.58% to $74.81. This downturn in oil prices is indicative of broader market trends impacting global energy markets.