Oil Prices Surge Over 3% on Global Markets

London:The price of Brent crude oil futures for December 2026 delivery increased by 3.94%, reaching $109.86 per barrel during trading on the ICE London Intercontinental Exchange.

According to Azeri-Press news agency, the price of WTI crude oil futures for November 2026 delivery also rose by 3.44%, climbing to $101.41 per barrel on the New York Mercantile Exchange (NYMEX).