London: On the London ICE (Intercontinental Exchange), the price of Brent crude rose by $0.02 to $84.25 per barrel, while on the New York Mercantile Exchange (NYMEX), the price of Light crude increased by $0.02 to $78.97 per barrel.

According to Azerbaijan State News Agency, these modest increases in oil prices on both the London and New York exchanges reflect ongoing fluctuations in the global oil market. The Brent crude and Light crude prices are crucial indicators for the energy sector, influencing economic decisions worldwide.

The slight uptick in prices comes amid various global factors affecting oil supply and demand, from geopolitical tensions to production adjustments by major oil-producing countries. The trading of these oil benchmarks continues to be closely monitored by investors, analysts, and policymakers.