London:Oil prices have experienced an increase on global commodity exchanges.

According to Azerbaijan State News Agency, the London ICE (InterContinental Exchange Futures) saw the price of Brent crude oil rise by $3.16, bringing it to $107.48 per barrel. Meanwhile, on the New York NYMEX (New York Mercantile Exchange), Light crude oil prices climbed by $1.96, reaching $94.37 per barrel.