London:Oil prices have seen a notable decline on global markets, with both Brent and Light crude experiencing reductions in their prices.

According to Azerbaijan State News Agency, Brent crude on the London-based Intercontinental Exchange (ICE) decreased by $1.06, bringing the price to $91.70 per barrel.

Meanwhile, on the New York Mercantile Exchange (NYMEX), Light crude dropped by $0.96, resulting in a price of $85.57 per barrel. These changes reflect the dynamic fluctuations currently occurring in the global oil markets.