London: During trading operations on the ICE London intercontinental exchange, the price of the June 2025 contract for the export of Brent oil decreased by 1.55%, reaching USD 66.91 per barrel, APA-Economics reports. At the NYMEX commodity exchange in New York, the price of WTI crude oil for export in June of this year also decreased by 1.61%, reaching USD 62.98 per barrel.

According to Azeri-Press News Agency, the decrease in oil prices on both major exchanges highlights ongoing fluctuations in the global energy market. The decline in prices comes amid various factors influencing supply and demand dynamics, which continue to impact market stability.

As markets react to these shifts, industry observers are closely watching for any further developments that might influence the trajectory of oil prices in the coming months.