APA: The price of a January 2024 export contract for Brent crude increased by 0.58% to $71.14 per barrel during trading on the ICE London Intercontinental Exchange.

According to Azeri-Press news agency, the price of a December export contract for WTI (West Texas Intermediate) crude on New York’s NYMEX commodity exchange also rose by 0.65%, reaching $67.65 per barrel. This development reflects ongoing fluctuations in the global oil market, as traders and investors respond to various supply and demand factors influencing oil prices.