New York: On May 28, oil prices experienced an increase in global markets, APA reports.

According to Azeri-Press News Agency, the NYMEX commodity exchange in New York saw the price of WTI crude oil for July 2025 delivery rise by 0.54%, equivalent to a $0.33 increase, reaching $61.22 per barrel.

Similarly, the ICE London Intercontinental Exchange recorded a rise in Brent crude oil prices for July 2025 delivery. The price climbed by 0.47%, or $0.30, bringing it to $64.39 per barrel.

These movements in the market reflect ongoing trends and shifts in the global oil industry, influenced by a variety of factors including supply and demand dynamics.